Sources at the Finance Ministry tell CNBC-TV18 that the banking regulator The Reserve Bank of India is proposing to hike the limit of market stabilisation scheme with the objective of sucking out excess liquidity in the system. Banks flush with incremental deposits owing to demonetisation drive has parked a substantial sum of money in the reverse repo window with the RBI. MSS securities are an extra tool with which the RBI can intervene in the market for managing liquidity. These securities are given by the banking regulator like bonds to clean up additional liquidity.
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