UPDATE 1-India cbank’s plans for transferring excess reserves opposed, delayed – sources
A senior Indian government
official has opposed and delayed proposals from a Reserve Bank
of India (RBI) panel that the central bank keep most of its
so-called “excess reserves” rather than hand them to the central
government, sources familiar with discussions said.
official has opposed and delayed proposals from a Reserve Bank
of India (RBI) panel that the central bank keep most of its
so-called “excess reserves” rather than hand them to the central
government, sources familiar with discussions said.
Posted by Reuters
