The headquarters of the Reserve Bank of India in Mumbai. (Source: BQ Prime)
The Reserve Bank of India is ready to deploy 14-day variable-term repo auctions to aid systemic liquidity as it is expected to tighten ahead of the end of March and as long-term repo windows come up for maturity, a person in the know said.However, the central bank wants to see credible indications that the system is actually in deficit, with banks no longer parking funds under the Standing Deposit Facility and Variable-Rate Reverse R...