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RBI raises market stabilization ceiling to Rs6 trillion, thanks to demonetisation
Reserve Bank of India (RBI) on Friday said that it has revised the ceiling on issuance of securities under the market stabilization scheme (MSS) to Rs6 trillion, from the previous limit of Rs30,000 crore for financial year 2016-17. When the RBI buys dollars, it releases rupee liquidity in the system, which can then be mopped up by sale of MSS bonds. The bills/bonds issued under the MSS would have all the attributes of the existing treasury bills and dated securities.
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