Saturday, May 12, 2012

Open Market Operations an option, says Gokarn

...............“What we are doing is using the interest rate tool to tighten the demand, and CRR as a liquidity solution when there is a pressure.” However, liquidity infusion is not a solution to the problems directly, and it's a matter of time “before we realise the effectiveness of these solutions,” said Dr Gokarn. ......

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