April 21, 2021

Market and Financial News

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RBI consults banks on rupee intervention strategy

1 min read

Banks suggested that the central bank intervene in the spot market instead but do so in conjunction with liquidity draining measures such as Special Deposit Schemes (SDS), Market Stabilisation Bonds (MSS) or even RBI-issued bonds, although the latter will require a legislative change.

2021-03-31 12:33:42

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