India bank liquidity surplus rises to 2% of deposits, hits two-week high

India's banking system liquidity surplus has risen, matching the level seen last month before outflows linked to goods and services tax payments. 97 billion), the highest since September 20 and almost one trillion rupees above last week. It has also risen to nearly 2% of banking system deposits, a day before the RBI policy decision that may include steps to withdraw liquidity. A trader at a private bank said government spending has had some impact, but the surplus could ease after indirect tax outflows this week.

94 trillion rupees as of September 15. 5 trillion rupees. 4175 Indian rupees.