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Liquidity to peak in Sept, but big surplus won't last long: RBI
The Reserve Bank of India will absorb surplus liquidity from a special forex swap facility. This absorption will occur through higher currency in circulation and maturing forward positions. Banking system liquidity is expected to peak in September due to FCNR(B) deposit inflows. Economists anticipate a surplus of around ₹4-5 lakh crore in the banking system. The central bank will then begin withdrawing excess liquidity through durable absorption measures.
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economictimes.indiatimes.com
$100 bn in sight: India is rolling in dollars but what about the rupee?
Two months after the RBI launched special measures to attract foreign currency, banks have mobilised over $40 billion, led by FCNR(B) deposits, with economists projecting inflows…
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Banks mobilise $27.99 billion via FCNR deposits since RBI introduced USD-rupee forex swap facility - The Economic Times
