RBI to inject Rs 20,000 cr to help Mutual Funds
The Reserve Bank on Tuesday decided to inject Rs 20,000 crore through short-term lending route to help the mutual funds meet their liquidity needs and overcome redemption pressure. "RBI has decided to conduct a special 14-day repo at nine per cent per annum for Rs 20,000 crore today with a view to enabling banks to meet the liquidity requirement of mutual funds," the central bank said in a release.
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