THE HINDU BUSINESS LINE
Financial Daily
from THE HINDU group of publications
Tuesday, June 06, 2000
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Money

Forex
LAF: Harbinger of better things
CHENNAI: The operationalisation of the Reserve Bank of India's liquidity adjustment facility (LAF) on Monday takes a significant step towards liquidity management in the domestic wholesale financial markets.

LAF creates space for liability management
THE liquidity adjustment facility (LAF) being operationalised by the Reserve Bank of India for the management of inter-bank liquidity mismatches, is significant not only for the banking sector. Its implications seems to extend far beyond -- specificall y into the realm of corporate liability management.

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