The liquidity situation should get less uncomfortable in a few months from now, according to RBI Governor D. Subbarao. The RBI will consider all the options available with it to tackle tight liquidity conditions, including adjusting banks’ cash reserve ratio (CRR) or any other mechanism, and not just limit itself to bond purchases by conducting open market operations (OMO). “The assumption that OMO will be the preferred tool is wrong, don’t go with that assumption,” Subbarao said at a post-policy conference call with analysts........
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