Banking System Liquidity Slipped Into Deficit For The First Time In 40 Months: RBI

The Reserve Bank of India reports that the banking system’s liquidity has entered a deficit for the first time in almost 40 months.

The RBI injected Rs 218 billion ($2.73 billion), the most since May 2019, into the banking sector on Tuesday.

The one-day call money rate increased to 5.85%, the highest level since July 2019, as overnight rates continued to rise.

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