'RBI to conduct fine-tuning operations to manage one-off liquidity flows'

Govt securities provide robust backbone for development of corporate bond market, says RBI Governor

RBI Governor Shaktikanta Das
RBI Governor Shaktikanta Das | Photo: Bloomberg
Press Trust of India Mumbai
1 min read Last Updated : Aug 31 2021 | 5:41 PM IST

The Reserve Bank of India (RBI) will conduct fine-tuning operations to manage unanticipated and one-off liquidity flows, Governor Shaktikanta Das said on Tuesday.

As the market settles down to regular operations, the RBI will conduct fine-tuning operations from time to time, as needed, to manage unanticipated and one-off liquidity flows so that liquid conditions in the system evolves in a balanced and evenly distributed manner, Das said.

He was speaking at a conference organised by Fixed Income Money Market and Derivatives Association of India (FIMMDA) and Primary Dealers' Association of India (PDAI).

The governor said government securities are distinct asset class, and it is important to appreciate the role of the g-sec market in the overall macro interest rate environment of the economy.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Topics :Reserve Bank of IndiaShaktikanta DasIndian Economy

First Published: Aug 31 2021 | 5:21 PM IST

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