BUSINESS

RBI to resume normal liquidity management operations in phased manner

RBI to phase in normal liquidity management

The Reserve Bank of India (RBI) on Friday said it had decided to restore normal liquidity management operations in a phased manner and would conduct variable rate reverse repo auction of Rs. 2 lakh crore on January 15. In February, RBI had announced a revised Liquidity Management Framework, but had temporarily suspended it in view of the COVID-19 outbreak.PTI