https://www.taxtmi.com/news?id=11455 Reserve Bank maintained policy rates unchanged but implemented calibrated liquidity tightening and raised the MSF markup to curb exchange rate volatility. These measures, with OMO sales as a potential component, aim to make short term money costlier, discourage speculation and invert the short end of the yield curve. Rollback will occur only in a calibrated manner after the Bank determines volatility in the foreign exchange market has been contained; the Bank focuses on exchange rate stability rather than a specific level and will use its full set of instruments as warranted. en-us Fri, 02 Aug 2013 10:55:17 +0530 Fri, 02 Aug 2013 10:55:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=11455 Reserve Bank maintained policy rates unchanged but implemented calibrated liquidity tightening and raised the MSF markup to curb exchange rate volatility. These measures, with OMO sales as a potential component, aim to make short term money costlier, discourage speculation and invert the short end of the yield curve. Rollback will occur only in a calibrated manner after the Bank determines volatility in the foreign exchange market has been contained; the Bank focuses on exchange rate stability rather than a specific level and will use its full set of instruments as warranted. News - Fri, 02 Aug 2013 10:55:17 +0530 https://www.taxtmi.com/news?id=11455