India liquidity surplus hits all-time peak on dollar deposits
India's banking-system liquidity surplus jumped to a record high, with rupee liquidity surpassing post–Covid-19 levels as lenders collected more dollars than expected under the central bank's deposit scheme.
By Dharamraj DhutiaIndia's banking system liquidity surplus has jumped to a record high, with rupee liquidity surpassing levels witnessed in the aftermath of Covid-19, as lenders collected more dollars than expected under the central bank's deposit scheme.Bank liquidity surplus stood at 9.7 trillio…