The right tool to manage liquidity
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Cash management bills (CMBs) help mop up excess money in the system
The RBI’s Annual Monetary Policy meeting has always been critical in terms of setting up expectations based on forward looking guidance and policy pertaining to the banking sector and the financial markets.This time, the underlying determining factors related to policy have been quite favourable for the RBI.The biggest comfort that the Monetary Policy Committee (MPC) members can draw is that the e...
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