MUMBAI (Reuters) - The dollar swap window for state-run oil companies remains open and tapering will be in a calibrated manner, Reserve Bank of India (RBI) chief Raghuram Rajan reiterated at a post-policy press conference on Tuesday.
The central bank earlier in the day raised the key repo rate by 25 basis points and cut the marginal standing facility rate by an equal amount, in line with the market and analysts' expectations.
Rajan also said the central bank is currently providing "fair amount of liquidity" to the market, when asked if they were looking to remove the cap on the amount of funds banks can borrow from the RBI through the repo window.
(Reporting by Suvashree Dey Choudhury; Writing by Swati Bhat; Editing by Prateek Chatterjee)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app