RBI announces steps to ease pressure on liquidity and to maintain congenial financial conditions for sustainable recovery of economic growth

The Reserve Bank of India (RBI) today announced a host of steps, including term repo operations totaling Rs. 1 lakh crore in mid-September to ease pressure on the liquidity and maintain congenial financial conditions with a view to ensuring sustainable recovery of economic growth.   In a statement, the central bank said the RBI stands ready to conduct market operations as required through a variety of instruments so as to ensure orderly market functioning. It added that recently market sentiment...