Taking immediate note of the volatility on the stocks markets, the Reserve Bank of India on Monday said it was in touch with banks and both the exchanges for smooth payment settlements.
"Banks can get in touch with Reserve of Bank for any liquidity assistance," the central bank said. It said that it was in touch with major settlement banks and both the major stock exchanges, Bombay Stock Exchange and National Stock Exchange to ensure that the payment obligations on the exchanges are met smoothly.
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