News From Press Mutual funds make limited borrowing from Reserve Bank's credit lines

Mutual funds make limited borrowing from Reserve Bank's credit lines

Source: Business Standard May 15, 2020

The credit lines opened by the Reserve Bank of India (RBI) for debt mutual funds (MFs) saw limited participation, with Rs 2,430 crore of the Rs 50,000-crore liquidity window utilised.

According to industry participants, MFs showed preference for selling securities to banks and other counter parties, instead of availing of fresh borrowing through RBI’s credit lines.

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