RBI revises MSS Ceiling to Rs 6 L Cr

India Infoline News Service | Mumbai | December 02, 2016 13:27 IST

In order to facilitate liquidity management operations by the Reserve Bank of India in the current scenario, Government of India has, on the recommendation of the Reserve Bank of India, decided to revise the ceiling for issue of securities under the Market Stabilisation Scheme (MSS) to 6,000 billion.

Reserve Bank of India
The RBI has revised MSS Ceiling to Rs 6 lakh crore. After the withdrawal of the legal tender character of the Rs 500 and Rs 1,000 denomination notes with effect from November 9, 2016, there has been a surge in the deposits with the banks. Consequently, there has been a significant increase of liquidity in the banking system which is expected to continue for some time.

In order to facilitate liquidity management operations by the Reserve Bank of India in the current scenario, Government of India has, on the recommendation of the Reserve Bank of India, decided to revise the ceiling for issue of securities under the Market Stabilisation Scheme (MSS) to 6,000 billion. 
 

Advertisements

  • Get your free IIFL Demat & Trading A/c now...Click here
  • Get IIFL express personal loan disbursal in just 8* hours...Know More
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.