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RBI's repo auction to inject Rs 2 lakh crore into the system

Move to provide banks the liquidity to meet the new CRR requirement announced this weekend

Abhijit Lele  |  Mumbai 

The Reserve Bank of India will conduct overnight repo auction for Rs 2 lakh crore to provide banks the liquidity to meet the cash reserve ratio (CRR) requirement. The repo auction, under the liquidity adjustment facility (LAF) would be conducted between 9.30 am and 10.30 am on Monday, RBI said in a statement. Treasury executives said this step was to be seen against the backdrop of the weekend announcement that 100 per cent CRR incremental deposits would be imposed between September 16 and November 11. This would impound about Rs 3.5 lakh croe. While there has been ...

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RBI's repo auction to inject Rs 2 lakh crore into the system

Move to provide banks the liquidity to meet the new CRR requirement announced this weekend

Move to provide banks the liquidity to meet the new CRR requirement announced this weekend The Reserve Bank of India will conduct overnight repo auction for Rs 2 lakh crore to provide banks the liquidity to meet the cash reserve ratio (CRR) requirement. The repo auction, under the liquidity adjustment facility (LAF) would be conducted between 9.30 am and 10.30 am on Monday, RBI said in a statement. Treasury executives said this step was to be seen against the backdrop of the weekend announcement that 100 per cent CRR incremental deposits would be imposed between September 16 and November 11. This would impound about Rs 3.5 lakh croe. While there has been ... image
Business Standard
177 22

RBI's repo auction to inject Rs 2 lakh crore into the system

Move to provide banks the liquidity to meet the new CRR requirement announced this weekend

The Reserve Bank of India will conduct overnight repo auction for Rs 2 lakh crore to provide banks the liquidity to meet the cash reserve ratio (CRR) requirement. The repo auction, under the liquidity adjustment facility (LAF) would be conducted between 9.30 am and 10.30 am on Monday, RBI said in a statement. Treasury executives said this step was to be seen against the backdrop of the weekend announcement that 100 per cent CRR incremental deposits would be imposed between September 16 and November 11. This would impound about Rs 3.5 lakh croe. While there has been ...

image
Business Standard
177 22