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Liquidity to get further boost of Rs 35,000 cr via rupee-dollar swap: Garg

The auction of $5 billion for a tenure of three years will be conducted on Tuesday.

Press Trust of India  |  New Delhi 

rupee dollar
The rupee-dollar swap auction announced by the RBI, earlier in March, will infuse Rs 35,000 crore in domestic liquidity on Tuesday

The ministry and the of India (RBI) on Monday said liquidity situation of the is comfortable and it will be boosted further by Rs 35,000 crore through the window.

Liquidity situation is comfortable now, told reporters here.

Asked about the new tool of arrangement by the RBI to infuse liquidity, Garg said it is a "sound move (by the RBI)".

According to a of the RBI, the liquidity position in the system is comfortable and the central is constantly monitoring the situation in the system.

"At the moment, I don't think there is any issue with regard to liquidity in the market. If some people are not getting financing then it is probably because of their balance sheet problem," the said.

The auction announced by the RBI, earlier in March, will infuse Rs 35,000 crore in domestic liquidity on Tuesday, the said.

The auction of $5 billion for a tenure of three years will be conducted on Tuesday.

First Published: Mon, March 25 2019. 14:30 IST
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