|
| Andhra Pradesh ~ India ~ International ~ City ~ Entertainment ~ Business ~ Bullion ~ Forex ~ Sports ~ Technology ~ Health ~ Features |
| Chidambaram ~ RBI ~ Stock Markets ~ Equities ~ Mutual Funds ~ Insurance ~ Global Markes |
|
Home
/ Business News / 2008 / October 2008 / October 14, 2008 RBI to inject Rs. 20,000 crore to help mutual funds tide over liquidity crisis |
BJP and industrialists discuss impact of global crisis on economy
Different Strokes for Different Folks!: Inflationary Trends Offer a Mixed Bag for the Indian Market
Two persons dies while one seriously injured in Ankita Yatra
BJP and industrialists discuss impact of global crisis on economy
Prince Wills heads to the Caribbean for secret Navy training mission
Monty Python launches own YouTube channel
SmartStream expands Indian operation with new software development centre
International news agencies boycott Oz-Kiwi Gabba Test
Heres how Harry Potters invisibility cloak can become a reality
The Reserve Bank of India (RBI) 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.
Mumbai, Oct 14 : The Reserve Bank of India (RBI) 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.
In a notification, the apex bank said that it has decided to conduct a special 14-day repo at nine per cent per annum for Rs. 20,000 crore.
RBI's decision will help the mutual fund industry to meet redemption pressure following the credit crisis in the financial sector.
ANI
