March 27, 2018 / 6:16 AM / 3 months ago

BRIEF-India Cenbank Sets Q1 Limits For Ways And Means Advances At 600 Bln Rupees

March 27 (Reuters) - Reserve Bank of India:

* IN CONSULTATION WITH INDIAN GOVERNMENT , LIMITS FOR WAYS AND MEANS ADVANCES (WMA) FOR Q1 OF 2018-19 WILL BE 600 BILLION RUPEES

* MAY TRIGGER FRESH FLOATATION OF MARKET LOANS WHEN GOVERNMENT OF INDIA UTILISES 75 PERCENT OF WMA LIMIT

* RETAINS FLEXIBILITY TO REVISE LIMIT AT ANY TIME, IN CONSULTATION WITH INDIA GOVERNMENT TAKING INTO CONSIDERATION THE PREVAILING CIRCUMSTANCES‍​ Source text: bit.ly/2I6OMo1

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