RBI steps in to tackle liquidity crunch

reserve-bank-of-india

The Reserve Bank of India stepped up its actions to support liquidity today (October 1), helping to reassure investors shaken by the default of a major non-bank firm.

The central bank says it plans to inject 360 billion rupees ($4.9 billion) into the market via purchases of government debt, with the operations set to be conducted in the second, third and fourth weeks of October.

“Based on an assessment of the durable liquidity needs going forward and the seasonal growth in currency in circulat

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: