| Date: |
04-11-2008 |
| Subject: |
Export growth in Sept dips to 18-month low |
|
The Reserve Bank of India (RBI) said it would conduct a special 14-day money
market operation for mutual funds and non-banking finance companies (NBFC) on
Monday, for a cumulative amount of 600 billion rupees ($12.2 billion) to help
meet their liquidity needs.
Details of the auction will be announced
daily, the RBI said in a notification posted on its website
www.rbi.org.in.
The widening of the special repo to include NBFCs was
announced on Saturday.
Source : Reuters (Mumbai)
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