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RBI Policy

Aug 8th 2013

CMB Auctions to Strangle Liquidity

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RBI has announced weekly auctions of Cash Management Bills (CMBs) for Rs 22,000 crores. The auction will be held every Monday starting 12th August 2013. The duration of the CMBs will be announced one day prior to the auction i.e. on Fridays.

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Arjun Parthasarathy
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