RBI fixes MSS ceiling for 2017-18 fixed at Rs 1,000 bn

RBI fixes MSS ceiling for 2017-18 fixed at Rs 1,000 bn

12/04/2017 16:52

The Reserve Bank of India today fixed the ceiling for issuance under Market Stabilisation Scheme (MSS) for 2017-18 at Rs 1,000 billion.

“In accordance with the provisions of the Memorandum of Understanding (MoU) on the Market Stabilisation Scheme (MSS), the ceiling for gross issuance under the MSS for the fiscal year 2017-18 has been fixed at Rs 1,000 billion,” RBI said in a notification.

The current MSS outstanding balance is ‘Nil’, RBI added.

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