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Will ensure comfortable liquidity: RBI

The Reserve Bank of India has told banks it will ensure comfortable liquidity in the banking system,Governor Duvvuri Subbarao said.

Written by Reuters | Mumbai |
January 27, 2009 3:20:37 pm

The Reserve Bank of India has told banks it will ensure comfortable liquidity in the banking system,Governor Duvvuri Subbarao said at a media conference on Tuesday.

The RBI left its key short-term interest rates unchanged at a policy review on Tuesday to give it time to assess the impact of its recent aggressive easings.

The RBI said in the review there was now distinct evidence of further slowdown as a consequence of global downturn and urged banks to respond more actively to its prior easings.

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