The Reserve Bank of India’s (RBI) move to tighten liquidity to prevent a further fall in the rupee spooked the equity and bond markets as investors feared a reversal of the easy money policy stance of the central bank. Monday’s RBI move (a cap of Rs 75,000 crore on bank’s borrowing from the liquidity adjustment facility (LAF) and increase in the marginal standing facility by 300 bps above the repo rate to 10.25%) delivered only a modest lift in the rupee but shares slumped and bond yields zoomed...........
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
No comments:
Post a Comment