Date:16/11/2007 URL: http://www.thehindu.com/2007/11/16/stories/2007111656451900.htm

Business - Briefly

Fed pumps $47.25 b into banking system

WASHINGTON: The Federal Reserve on Thursday injected $47.25 billion into U.S. money markets to help ease tight liquidity, the central bank said. The U.S. central bank buys billions of dollars worth of securities from major banks, pumping extra cash into the banking system.