RBI opens special window of Rs 25,000 crore to help mutual funds

The RBI said on Wednesday that it would provide asset managers with critical access to special funding as the sector faces a surge in redemption requests. Short-term interest rates have surged and shares have slumped after the Reserve Bank of India unveiled measures late on Monday in an attempt to shore up the ailing rupee. The temporary, three-day repo borrowing window for mutual funds will make up to Rs 25,000 crore availab...