business

Hike in export refinance limit to bridge liquidity gap: M&M

Welcoming hike ECR limit, VS Parthasarathy of M&M highlighted the dual impact of this move. "It gives two impacts, it gives liquidity and secondly it has a basis of getting rates reduced for the exporter or it gives a little bit of cushion for the bank to act the way that they want."

first published: Jun 18, 2012 02:38 pm