Fixed Income And Currency Market

12 Oct 2013

Liquidity conditions will make RBI put off repo rate hike

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RBI cut the MSF rate by 50bps, held an Rs 10,000 crores OMO (Open Market Operation) purchase auction and infused Rs 19,000 crores through 7 day term repo auctions at 8.80% to ease system liquidity and bring down rates at the short end of the yield curve.

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Arjun Parthasarathy
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