MUMBAI, March 18 (Reuters) - India's central bank will take
steps to address the existing tightness in liquidity, the
finance minister said on Monday.
P. Chidambaram said he has discussed the issue of cash
tightness with the Reserve Bank of India Governor Duvvuri
Subbarao and was "sure" the central bank will take steps to
address the problem.
Chidambaram was speaking to reporters after meeting
state-lenders on their quarterly performance.
The central bank will hold its mid-quarter policy review on
Indian banks borrowed 1.43 trillion rupees ($26.46
billion)through the central bank's daily repo window on Monday,
reflecting the extent of tight cash conditions in the banking
($1 = 54.0450 Indian rupees)
(Reporting by Manoj Kumar; Editing by Bijoy Koyitty)