Liquidity could be under pressure: Reddy

Friday, March 10, 2006, 16:35 [IST]

Mumbai, Mar 10 (UNI) Reserve Bank of India (RBI) Governor Dr Y V Reddy today said that ''transient factors affecting market liquidity'' could put some pressure on the system in the middle of March.

''Transient factors affecting market liquidity such as advance tax flows can put some pressure in mid-March,'' Dr Reddy said at the sidelines of the Global Conference on actuaries here.

However, he observed, this could be managed through the RBI refinance or the repo window.

Governor also that the central bank would endeavour to maintain stability in the country's financial markets.

''We see no excess volatility in money, forex or government bond market,'' he told the conference.

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Friday, March 10, 2006,16:36 [IST]

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