BUZZ — India bank liquidity surplus below 1% of deposits, over 50% longer VRRR funds withdrawn
India's banking system liquidity surplus slips below 1% of total deposits after central bank's debt sale and as FX reserve restrictions kick in Bank liquidity surplus at 2.57 trillion rupees ($27.08 billion), down over 50% from the previous week, and just about 0.9% of deposits Banks have already withdrawn 420 billion