RBI sees developing repo markets necessary in meeting Basel liquidity rules

RBI building in Mumbai

Liquid repo markets will aid banks trying to meet Basel III's liquidity requirements, according to the Reserve Bank of India's chief general manager, financial markets, G Mahalingam.

In May last year, the RBI-organised working group on enhancing liquidity in the government securities and interest rate derivatives markets published its draft report, in which it was agreed that a liquid repo market was a necessary adjunct to having a liquid domestic government securities market.

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