RBI says ready to inject more cash into banks at March-end

MUMBAI: The Reserve Bank of India (RBI) might be able to inject good enough quantity of additional cash into banks if wanted forward of March-end to offer flexibility to lenders to regulate their liquidity mismatches that generally occur at quarter-end, it stated in a unlock on Thursday.

The Reserve Bank stated it "stands ready" to offer more cash "using a combination of appropriate instruments" with out giving any more main points on explicit steps, to deal with any additional call for for liquidity because of advance tax payments and build up in withdrawal of cash from banks against March-end.


The 10-year benchmark bond yield in brief eased through 1 foundation level to 7.58 in step with cent, however came back to 7.59 in step with cent as hopes of open market purchases of bonds stayed feeble.


The RBI may even allow standalone number one dealers to avail term repo auctions on March 28, it stated.
RBI says ready to inject more cash into banks at March-end RBI says ready to inject more cash into banks at March-end Reviewed by kailash soni on February 15, 2018 Rating: 5
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