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 rate||Rate (%)|
|Reverse Repo Rate||3.35|
|Marginal Standing Facility Rate||5.15|
RBI Repo Rate History
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