RBI automates liquidity operations
Straight-through processing to cut settlement times
The Reserve Bank of India (RBI) will automate some of its main liquidity operations, introducing straight-through processing for three of its facilities, the central bank said on July 27.
Starting on August 3, the central bank's fixed rate liquidity adjustment facility (LAF) repo, fixed rate LAF reverse repo, and marginal standing facility (MSF) will operate via straight-through processing, meaning bids will settle immediately assuming sufficient collateral and funds are available.
At present
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