Amid funds in the money market drying up, bankers in a meeting with the Reserve Bank of India (RBI) this week asked for liquidity to be made durable.
The instruments to be used in this connection include open market operations, variable rate repo (VRR) auctions, and buy/sell swaps, said sources aware of the development. According to the data, the RBI on Thursday infused Rs 2 trillion through the liquidity adjustment facility.
