MUMBAI: The Reserve Bank of India (RBI) has permitted satellite dealers (SDs) to issue commercial papers in the debt market, thus allowing them to have easy access to short-term resources. Market experts said the RBI's decision to allow SDs to raise short-term money will encourage them to actively participate in the money market as the investment option will provide them with comfortable liquidity. "The last auction of the Rs 4,000-crore, nine-year government of India paper devolved on the RBI. The central bank wants to encourage more players as currently there are only six primary dealers active in the market," said a fund manager from a leading investment banking outfit.
