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
- UPDATE 4-Boy and girl on Korean ferry drowned with life jackets tied together
- More teams withdraw, Nepal's Everest season in jeopardy
- BJP eyes gains in south, east to cut clout of regional queens
- Met office rules out surplus monsoon in 2014
- RPT-Apple resets the clock as investors await next big thing
The opposition Bharatiya Janata Party was set to make gains in Tamil Nadu and West Bengal that began voting on Thursday in the sixth phase of a mammoth general election that could help it build a stable majority in parliament. Read | Full Coverage: Election 2014
India may cede top rice exporter spot under Southeast Asian price onslaught. Full Article