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RBI's steps to stabilise Indian Rupee August 2013

RBI's steps to stabilise Indian Rupee


RBI sold short-term bonds worth Rs.22,000 crore to check volatility in the forex market

Bills with maturities of 34 and 35 days of Rs.11,000 crore each were put to auction

Cash Management Bills maturing on 17th September 2013 were fully subscribed

Sale of CMB was conducted using multiple price auction method, CMB to have generic character of Treasury Bills

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