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RBI extends liquidity easing measures

RBI extends liquidity easing measures
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First Published: Mon, Nov 01 2010. 10 16 AM IST
Updated: Mon, Nov 01 2010. 10 16 AM IST
Mumbai: The Reserve Bank of India (RBI) said it was extending the special liquidity measures unveiled last week up to 4 November, to help banks banks tide over a temporary cash crunch.
The central bank would conduct two liquidity adjustment facility (LAF) auctions at 4:15pm, between 1 November and 4 November, it said in a release posted on its website on Sunday.
The RBI also said banks can avail funds under the special measures up to an additional 1 percent of their deposits as on 8 October.
The measures were temporary, it said.
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First Published: Mon, Nov 01 2010. 10 16 AM IST
More Topics: India | RBI | Liquidity | Financials | Policy |