RBI’s Rupee Defence Tightens Indian Banking Liquidity, Raising Funding Costs
India’s banking liquidity surplus fell to Rs 46,200 crore, while three- and six-month certificate of deposit rates rose 40–50 basis points last week.
The cash surplus has fallen to Rs 46,200 crore, with three-month and six-month certificate of deposit rates rising 40—50 basis points last weekIndia’s banking system liquidity surplus has declined sharply as the Reserve Bank of India (RBI) maintains tight liquidity conditions to curb bets against t…