liquidity

Some of the South Asian economies need urgent access to multilateral support to improve their external liquidity and financing conditions, Reserve Bank of India deputy governor Michael D Patra said. Countries such as Pakistan and Sri…

The rate for this was close to the repo rate against lower levels of reverse repo rate - where the bulk of parking was done. The interest burden was borne by the RBI, and the use of the instrument by banks was discretionary. Impact on…