...........RBI on July 15 and 22 put severe restrictions of banks borrowings from liquidity adjustment facility and hiked rate for borrowing at standing facility. The purpose was to curb trend to use rupee resources for speculating in foreign exchange market. Bankers in interaction with RBI top brass sought a one-time permission to move securities from Available for sale (AFS) to Held to Maturity (HTM) bucket. This shifting of securities would be without marking them to market, they said. The exercise should be run on valuations that were on July 15.................
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