India 10-year bond yield sees biggest rise in 14 months on RBI’s OMO sales plan
“The timing and quantum of such operations will depend on the evolving liquidity conditions,” Das said. In the last policy meeting, RBI imposed an incremental cash reserve ratio (I-CRR) of 10%, which impounded about Rs 1.1 lakh crore from the banking system. The I-CRR was reviewed on September 8 and the central bank decided to discontinue the same in a phased manner, ending on October 7.
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