Banking liquidity hits lowest since June 29; RBI data reveals Rs 2,884 crore deficit
Mumbai banking system liquidity has fallen to its lowest point since late June. This deficit is attributed to increased credit growth and central bank foreign exchange market actions. System liquidity experienced a deficit of ₹2,884 crore on Wednesday. The Reserve Bank of India's intervention is expected to worsen this liquidity gap. Economists anticipate further deficits in the coming days due to these factors.
Read the full story at Markets-Economic Times →