Mumbai, June 25 (IANS) The Reserve Bank of India (RBI) on Thursday proposed opening the term money market to a wider range of financial institutions and companies in a move aimed at deepening market liquidity and improving monetary policy transmission across different maturities.Under the draft directions released by the central bank, non-banking financial companies (NBFCs), housing finance companies (HFCs), All India Financial Institutions (AIFIs), and companies would be allowed to participate …
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New Delhi, March 31 (IANS) The Reserve Bank of India on Tuesday extended the enhanced export credit period of up to 450 days till June 30, 2026, to support exporters facing disruptions due to the ongoing West Asia crisis.The central bank said the decision was taken in view of continuing logistical challenges arising from geopolitical tensions in West Asia.Exporters have been facing delays in shipments and payments due to disruptions in global supply chains and uncertain market conditions.“Due …