INSUBCONTINENT EXCLUSIVE:
MUMBAI: The daily banking system liquidity is turning closer to surplus in India as cash shortage has persistently narrowed since December 3
This, in turn, has increased liquidity in banking system.
In past one month, central bank has announced purchase of Rs 60,000 crore worth of
bonds that helped increase liquidity
Shaktikanta Das, new Reserve Bank of India (RBI) Governor, assumed office on December 11.
Before that date, central bank had conducted open
at ICICI Securities Primary Dealership
closer to surplus from deficit
short-term sovereign paper, is now yielding 6.90 per cent compared with 7.75 per cent in October, a fall of 85 basis points
The benchmark bond yields have also dropped during period.
On January 2, cash shortage in banking system shrank to just Rs 2 crore (net),
The liquidity shortage in banking system was magnified in broader market as non-banking finance companies (NBFCs) found it difficult to
