..........“It is reasonable to expect the return of normalcy in the money markets as the rupee seems to have stabilised and the FCNRB and Tier 1 window would have attracted more than $30 billion,” said Sandeep Bagla, associate vice president at ICICI Securities Primary Dealership. However, a move to fully remove the cap on LAF borrowing is unlikely to come soon given some RBI officials are seen reluctant to return to the era of easy money for banks.
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