A allotment of the market sees further liquidity tightening measures from the RBI within the June overview of the monetary policy
Issues
Banking diagram | Indian Economy | Reverse Repo Rate
Manojit Saha |
Mumbai
Closing Updated at June 1, 2022 06: 10 IST
Alive to over inflationary pressures within the economic system, the Reserve Monetary institution of India (RBI) is bringing down surplus liquidity within the diagram . It has fallen to pre-Covid stages and practically 2 per cent of banks’ rep question and time liabilities (NDTL).
NDTL reveals the distinction between the sum of question and time liabilities (deposits) of a financial institution (with the general public or the opposite financial institution) and the deposits within the accomplish of sources held by the opposite financial institution. This sudden withdrawal of liquidity at a hasty scurry has shocked banks for the explanation that central financial institution had earlier acknowledged it would bring down surplus …
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First Printed: Wed, June 01 2022. 06: 10 IST