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    HomeNewsBusinessMutual FundsRBI to open temporary 3-day repo window for mutual funds

    RBI to open temporary 3-day repo window for mutual funds

    The RBI said the repo window will be operational until further notice, and that details for the repo facility will be announced separately.

    July 17, 2013 / 20:32 IST

    The Reserve Bank of India (RBI) will open a temporary three-day repo borrowing window for mutual funds to lend a total of Rs 25000 crore in order to meet their liquidity needs, according to a notification on Wednesday.


    Also Read: RBI move temporary, won't cut interest rates: SBI


    The RBI said the repo window will be operational until further notice and that details for the repo facility will be announced separately.

    The central bank called the repo window facility a "contingency" measure. It comes two days after the RBI lifted some short-term rates to drain out liquidity and address the rupee's weakness.

    first published: Jul 17, 2013 10:41 am

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