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Need for Promotion of a Bills Market
Economic and Political Weekly
Vol. 34, No. 38 (Sep. 18-24, 1999), pp. 2696-2702
Published by: Economic and Political Weekly
Stable URL: http://www.jstor.org/stable/4408416
Page Count: 7
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The Reserve Bank has taken a series of measures to deepen the money and government securities markets and to facilitate equilibriating demand for and supply of short-term funds at fine rates of interest. Parallel efforts are called for to promote the market for bank-accepted bills as a major money market instrument to promote financing of asset-creating activities by banks.
Economic and Political Weekly © 1999 Economic and Political Weekly