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RBI shifts its focus to liquidity management

RBI shifts its focus to liquidity management

Thursday, April 6, 2017, 8:47 PM

The central bank also promised to have a more effective liquidity management tool in a new instrument called a standing deposit facility (SDF) at the earliest. With Rs 4.8 trillion of excess funds flooding the system, the RBI shifted its policy focus to liquidity management by raising reverse repo rate by 25 bps and slashing MSF by an equal measure.
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