Rbi increases bank rate to 10.5% with immediate effect RBI wants - TopicsExpress



          

Rbi increases bank rate to 10.5% with immediate effect RBI wants suck additional liquidity in market so der is no asset bubble in d market not in real estate nor in equity, so nullify the effect of QE now RBI is taking steps to absorb liquidity so der is less doller buying in domestic firms RBI to sell government securities worth Rs 12,000 crore on July 18. Rbi will conduct omo of 12000 cr on july 18 and banks borrowing under MSF increased by 300 bps from 8.25% to 10.25 %. Allocation of funds under LAF will restricted to 1%. Of NDTL i.e 75000 cr
Posted on: Tue, 16 Jul 2013 01:56:50 +0000

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