RBI extends liquidity easing measures

RBI extends liquidity easing measures

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.