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Nikita Sharma
Business News Expert
Asked a question last year

What latest announcement is made by Reserve Bank of India regarding Mutual Funds?

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The Reserve Bank of India (RBI) has announced a special window of ₹50,000 crore for Mutual Funds in view of the redemption pressure that the fund houses are facing.

While announcing the window, the RBI said the liquidity stress was limited to high risk debt funds and the larger industry remained liquid. Under the scheme, the RBI will conduct repo operations of 90 day tenor at the fixed rate repo.