RBI to introduce second LAF
| Y V Reddy, Governor of the Reserve Bank of India (RBI), said the central bank is planning to introduce a second liquidity adjustment facility (LAF) shortly to reduce frictional liquidity in the monetary system. Speaking at BanCon 2005, Reddy said that there was no problem with structural or long-term liquidity. |
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First Published: Nov 11 2005 | 4:21 PM IST