Get Instant Loan up to ₹10 Lakh!
RBI says ready to inject more cash into banks at March-end
RBI says it is ready to inject adequate amount of extra cash into banks if needed ahead of March-end to give flexibility to lenders to manage their liquidity mismatches that typically happen at quarter-end
Mumbai: The Reserve Bank of India will be ready to inject adequate amount of extra cash into banks if needed ahead of March-end to give flexibility to lenders to manage their liquidity mismatches that typically happen at quarter-end, it said in a release on Thursday.
The RBI said it “stands ready” to provide additional cash “using a combination of appropriate instruments” without giving any further details on specific steps, to address any extra demand for liquidity due to advance tax payments and increase in withdrawal of cash from banks towards March-end.
The 10-year benchmark bond yield briefly eased by 1 basis point to 7.58%, but came back to 7.59% as hopes of open market purchases of bonds stayed feeble.
The RBI will also allow standalone primary dealers to avail term repo auctions on 28 March, it said. Reuters
Catch all the Industry News, Banking News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
Business NewsIndustryRBI says ready to inject more cash into banks at March-end
First Published:15 Feb 2018, 04:46 PM IST
- Top Gainers
- Top Losers
- 52 Week High