RBI revises liquidity framework to manage market volatility The - TopicsExpress



          

RBI revises liquidity framework to manage market volatility The Reserve Bank of India (RBI) on Friday revised its liquidity management framework in order to manage volatility better and to ensure more flexibility in borrowing. From September 5, RBI will conduct variable rate 14-day term repo auctions up to an aggregate of 0.75% of the net demand and time liabilities (NDTL) of the banking system. The auctions will be conducted four times a fortnight every Tuesday and Friday, between 11 am and 11.30 am, for an amount equivalent to one-fourth of 0.75% of NDTL in each auction.
Posted on: Mon, 25 Aug 2014 06:45:50 +0000

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