Indian Central Bank Puts Limits on Low-Cost Cash

.........Two people close to the central bank, who were not authorized to speak on the record, say it will deliberately go slowly in removing the cap on funds that banks can borrow via the facility, even as it unwinds other emergency measures imposed to prop up the rupee. Having a money-market yield curve would help investors and companies better price risk across a range of maturities and should make markets more liquid..........

Read - The New York Times