RBI will infuse more liquidity if needed: deputy
NEW DELHI (Reuters) - The Reserve Bank of India (RBI) will step in to provide more liquidity into the market if the need arises, deputy governor with the central bank Keshab Chandra Chakrabarty said on Wednesday.
He declined to say whether the RBI will resort to buying bonds through open market operations to inject liquidity.
Borrowings in the daily repo auction have risen above 1 trillion rupees for six consecutive sessions, nearly double the deficit level seen as acceptable by the RBI.
(Reporting by Arup Roy Choudhury; Writing by Neha Dasgupta)
- Tweet this
- Share this
- Digg this
The latest Reuters poll of 20 economists taken over the past week shows Asia's third-largest economy will likely grow 5.5 percent this fiscal year and 6.4 percent the next, slightly better than 5.3 percent and 6.3 percent expected in the July poll. Full Article
Kalki Koechlin on her role as a disabled girl in “Margarita, With a Straw” Full Article