Financial Daily from THE HINDU group of publications
Sunday, Nov 27, 2005
Financial Daily from THE HINDU group of publications Sunday, Nov 27, 2005 |
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Money & Banking
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Govt Bonds RBI's 2nd liquidity adjustment facility from tomorrow Our Bureau
Mumbai , Nov. 26 RESERVE Bank of will operate a Second Liquidity Adjustment Facility (SLAF) with effect from November 28. This is to fine tune the management of liquidity and in response to suggestions from the market participants, said a press release from RBI. The SLAF auction would be conducted between 3 p.m. and 3.45 p.m., the press release said. The RBI Governor, Dr Y.V. Reddy, had spoken about the decision to introduce the SLAF during the Monetary Policy in October 2005.
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