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India’s banking system liquidity slips into deficit after 40 months

India’s banking system liquidity slips into deficit after 40 months – India’s banking system liquidity has plunged into deficit for the first time in nearly 40 months, as per the Reserve Bank of India. The RBI invested 218 billion Indian rupees ($2.73 billion) into the banking system, which is the biggest investment since May 2019.

  • The liquidity deficit in the banking system was estimated at ₹23,227 crores against the previous day’s surplus of ₹ 47,936 crores, according to Bloomberg data.
  • Reserve Bank of India will conduct a ₹50,000-crore Variable Rate Repo (VRR) auction of one-day tenor under the Liquidity Adjustment Facility.

RBI Repo Rate Changes

Interest rateRate (%)
Repo Rate4.9
Bank Rate5.15
Reverse Repo Rate3.35
Marginal Standing Facility Rate5.15

RBI Repo Rate History

DateRate (%) Change
5-Aug-225.40.5
8-Jun-224.90.5
May-224.40.4
9-Oct-2040
6-Aug-2040
22-May-2040.4
27-Mar-204.40.75

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