Banking System Liquidity Slips Into Deficit After 40 Months, Says RBI
For the first time in 40 months, India's banking system liquidity has plunged into deficit, as per the Reserve Bank of India.
On Tuesday, the RBI pervaded Rs 218 billion Indian ($2.73 billion) into the banking system. The biggest input since May 2019.
Overnight rates persist to stay incline, with the one-day call money rate sliding to 5.85% which is the highest since July 2019.
(With inputs from Reuters)
