Reserve Bank likely to focus on liquidity management

............Harding believes RBI has a choice between a cut in policy rates or to raise the amount of refinance from the overnight repo counter from the current 0.25 per cent of net demand and time liabilities (NDTL). In July, RBI has infused about Rs 170,000 crore by way of term repos; even so, overnight rates continue to be volatile. Banks have not been tapping the Marginal Standing Facility of RBI much and there have also been .....

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