Informist, Tuesday, Jan 30, 2024
–RBI offers 50-bln-rupee extra liquidity window to standalone PDs
–RBI: Extra standing liquidity facility for standalone PDs from Wed
NEW DELHI – The Reserve Bank of India will give an additional 50 bln rupees to standalone primary dealerships under the standing liquidity facility starting Wednesday, it said in a press release today.
Based on an assessment of the prevailing and evolving liquidity conditions, the additional amount will be made available at the prevailing repo rate. The repo rate stands at 6.50%. The incremental limit for individual standalone primary dealerships is being conveyed to them separately, the RBI said.
At the end of trade on Monday, the liquidity deficit in the banking system was at 2.68 trln rupees, against 2.59 trln rupees on Sunday, according to RBI data. Last week, the liquidity deficit reached a fresh high of 3.46 trln rupees.
ICICI Securities Primary Dealership Ltd, Morgan Stanley India Primary Dealer, Nomura Fixed Income Securities, PNB Gilts, SBI DFHI, STCI Primary Dealer, and Goldman Sachs (India) Capital Markets are the seven standalone primary dealers in India. End
Reported by Kabir Sharma
Edited by Rajeev Pai
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