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RBI to conduct Term Repo Auctions to address Liquidity Tightness

February 19, 2014



ENP Newswire - 19 February 2014

Release date- 18022014 - RBI to conduct Term Repo Auctions to address Liquidity Tightness.

In order to address the anticipated tightening in liquidity conditions on account of advance tax payments by corporates commencing mid-March 2014 and with a view to providing flexibility to the banking system in its liquidity management towards March-end 2014, the Reserve Bank of India will conduct term repo auctions of appropriate amount and tenor during March 2014. The details of the term repo auctions will be announced in due course.

Ajit Prasad

Assistant General Manager


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Source: ENP Newswire


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