SBI report says RBI should widen LAF corridor
In short
An SBI report said the RBI should widen the LAF corridor.
It also called for faster rate action and a shorter deadline for export proceeds. The report says global uncertainty is hurting markets, but it does not say what the RBI will do.
What the reporting says
An SBI report said the RBI should widen the LAF corridor to stabilise financial markets, according to publisher-supplied reporting. The same summary says the report also favours faster rate action and a shorter deadline for export proceeds because global uncertainty is pressuring markets. The exact policy change, timing, and RBI response are not stated in the available reporting.
Why it matters
An SBI report urged the RBI to widen the LAF corridor and move faster on rates, according to the available summary. It also wanted a shorter deadline for export proceeds, citing pressure from global uncertainty. The reporting does not state any RBI decision, nor does it quantify the expected market effect.