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India short-bond rally faces risks from cash drain, analysts Say
BofA Securities and Bandhan AMC Ltd. expect the Reserve Bank of India to step up short-term cash withdrawal operations in coming months as surplus banking liquidity is seen climbing to pandemic-era levels of about 8 trillion rupees ($85 billion). DBS Bank Ltd. expects the central bank to deploy a stronger tool in August by requiring banks to keep a larger proportion of deposits with the RBI.
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economictimes.indiatimes.com
India short-bond rally faces risks from cash drain, analysts Say
BofA Securities and Bandhan AMC Ltd. expect the Reserve Bank of India to step up short-term cash withdrawal operations in coming months as surplus banking liquidity is seen…
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thehindubusinessline.com
Short-bond rally faces risks from cash drain, analysts say
Analysts warn that India's short-bond rally may stall as the RBI plans to drain excess cash from the financial system.
