RBI Rescues Mutual Funds, To Hold Special Auction To Meet Redemptions

RBI Rescues Mutual Funds, To Hold Special Auction To Meet Redemptions

Published by kidmercuryblog
10-15-2008

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RBI Rescues Mutual Funds, To Hold Special Auction To Meet Redemptions

The Reserve Bank Of India will hold an additional 14-day money auction to help banks meet the cash requirements of mutual funds that are facing higher redemptions from investors. The Central bank will hold a 14-day securities repurchase ...

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