The Reserve Bank of India (RBI) unveiled special liquidity measures to tide banks over the temporary cash crunch.
The RBI said banks can avail funds under the special measures up to an additional 1 percent of their deposits. The central bank will conduct two liquidity adjustment facility (LAF) auctions on Oct. 29 and Nov. 1. at 2:30 p.m. and 4:15 p.m respectively.
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