MUMBAI : Lenders borrowed ₹2,000 crore from the Reserve Bank of India (RBI) on 27 April under the special liquidity window for mutual funds, showed data released by the central bank.
On Monday, RBI had announced a ₹50,000-crore special liquidity facility for mutual funds to calm investor sentiment in the aftermath of Franklin Templeton Mutual Fund winding up six debt funds.
The central bank's liquidity window offering acts more as a psychological signal to mitigate investor panic by providing assurances of adequate money to meet redemption pressures.
Franklin Templeton Mutual Fund on 23 April said it was shutting down six of its yield-oriented managed credit funds with total assets under management of ₹25,856 crore, owing to severe