Over 50% of MSS auctioned by RBI so far
In a move to facilitate liquidity management operations, the RBI revised the ceiling for the issue of securities under the MSS to Rs 6 lakh crore from the earlier Rs 30,000 crore. The move would help it rein in excess liquidity from the system after demonetisation which had seen banks getting high cash deposits.
RBI has so far made Rs 3.70 lakh crore of auction under MSS from which most of were Cash Management Bills (CMB). Photo: Pixabay