Wednesday, April 3, 2013

Liquidity in banking system turns tight

.....Bankers expect some measures from RBI ahead of the policy because this fiscal it has been scheduled for May 3 whereas a large chunk of government borrowing is expected in April itself. Also with the rupee coming under pressure, RBI may be forced to intervene in the forex markets thereby reducing supply of funds as it infuses dollars and takes out rupee funds......

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