India bank liquidity surplus at 1.8% of deposits ahead of RBI decision
India's banking system liquidity surplus remains just shy of 2% of deposits in the system as markets await RBI decision at 10:00 a.m. IST. Liquidity surplus at 4.99 trillion rupees ($51.79 billion), which is 1.8% of deposits, has plummeted 55% from a peak of 11.16 trillion rupees hit a month ago, triggered by a sharp spike in diaspora deposits.
m. IST. 16 trillion rupees a month ago. 5% of total deposits and should ideally be closer to neutral.
38 billion), which helped reduce the surplus. 3525 Indian rupees)