The Indian banking system is grappling with a widening liquidity deficit, prompting the Reserve Bank of India (RBI) to conduct a seven-day variable rate repo (VRR) auction, injecting Rs 1 lakh crore into the market. Another VRR auction is anticipated, given liquidity constraints due to advance tax payments and goods and service taxes.
Indian banking system is facing a widening liquidity deficit, reaching levels last seen in 2016, that may prompt the central bank to provide another round of short-term cash infusion. . -December 21, 2023 at 04:29 am EST
- MarketScreener
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