RBI rejects all bids at auction to ease liquidity – The Times of India
MUMBAI: In a move aimed at easing liquidity in the banking system, RBI rejected all bids for its Rs 26,000 crore auction of 91-day and 182-day treasury bills on Thursday. The decision comes amid a cash squeeze, aggravated by RBI’s intervention in the forex market, where it has been selling dollars and draining rupee liquidity.However,…