As US delays pull-back of easy money, govt may lift some forex-related controls

Sep 20 2013, 08:34 IST
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The Reserve Bank of India had banned banks from trading in currency futures and exchange-traded currency options market on their own. The Reserve Bank of India had banned banks from trading in currency futures and exchange-traded currency options market on their own.
SummaryRBI is likely to make funds available for specific sectors such as small and medium enterprises.

can withdraw fully or partially some of the extraordinary liquidity tightening it had done to support the rupee including ceiling on LAF and steep hike in MSF. As a first measure it can ease MSF by 50 bps with a timeline for further reduction, consistent with the promise of transparent and predictable course of policy articulated by Rajan,” said Motilal Oswal, CMD, Motilal Oswal Financial Services.

“There is a chance that RBI may reverse partly, the monetary tightening measures it took during the second week of July 2013 and afterwards to address the currency crisis,” said V Balasubramanian, Fund manager, IDBI Mutual Fund.

ENS ECONOMIC BUREA

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