RBI-RBI Announces Additional Liquidity Support Through 14-day Term Repo Auction
December, 12th 2013
The Reserve Bank has been closely monitoring liquidity conditions so as to ensure that adequate liquidity is available to support the flow of credit to the productive sectors of the economy. As the liquidity conditions are expected to tighten on account of advance tax payments commencing from mid-December 2013, Reserve Bank has decided to provide additional liquidity of`10,000 crore through the 14-day term repo scheduled to be conducted on December 13, 2013 (Friday). Accordingly, the notified amount for the 14-day term repo auction to be conducted on December 13, 2013 will be adjusted upwards by `10,000 crore.