In order to prevent excessively worsening of liquidity conditions, which would have impacted financing conditions, RBI undertook measures to inject liquidity through OMO purchase auctions, overnight repo, MSF and variable rate term repos
0 percent of net demand and time liability (NDTL); and increase the liquidity provided through term repos
of 7-day and 14-day tenor from 0.
It has also determined to offer additional liquidity via term repos of 7-day and 14-day tenor for a notified amount equivalent to 0.
Rs 19,001 crore has been borrowed by the banks from the Reserve Bank of India (RBI) in the first 7-day term repo auction held on 12th October,2013.
Together with an increase in the liquidity provided through escalation of term repos
The Bank is currently considering how it might be able to assist with this, given that the development of a term repo
facility would be consistent with the Bank's aim to support the development of New Zealand capital markets.