RBI continuously focussing on maintaining liquidity conditions

The Reserve Bank is continuously focussing on maintaining liquidity conditions within the comfort zone,Deputy Governor Subhir Gokharn said today.

“Whatever causing liquidity stress,whether it is foreign exchange market or something else,we are focused on maintaining liquidity conditions within the comfort zone we have stated. And that will continue to be the benchmarks …”he told reporters on the sidelines of a seminar here.

“I do not think you directly co-relate the rupee movement with the OMOs(Open Market Operations). OMOs are being driven by judgements on liquidity conditions”,he said.