RBI’s Liquidity-Sucking measures to shore up the Indian - TopicsExpress

RBI’s Liquidity-Sucking measures to shore up the Indian Currency ............................................................................................ The Reserve Bank of India (RBI) announced new measures on august 8, 2013 to drain cash from the financial system in a bid to address volatility in currency markets, after a slew of steps announced last month failed to prop up the battered rupee. The RBI will auction 220 billion rupees of government cash management bills every Monday, it said in a statement, without specifying for how many weeks the sales would last.....Read More Current Affairs @ whatnext.co.in/currentaffair

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