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Banking system surplus liquidity reaches Rs 5 lakh crore, highest in over four months
By the close of August, liquidity within the banking sector surged to close to Rs 5 lakh crore, fueled by government spending and inflow of foreign currency deposits. The Reserve Bank of India has adeptly utilized reverse repo auctions to manage the excess liquidity. This comfortable liquidity scenario is enhancing lending conditions and fostering credit growth, with expectations for liquidity to hover between Rs 4 lakh crore and Rs 4.
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theprint.in
India's forex reserves hit all-time high of $729.3 billion after RBI's steps to attract capital
Steps taken by RBI in early June hel avert what could have been an unprecedented third year of a deficit in India’s broadest measure of money flowing in and out of the economy.
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thehindubusinessline.com
RBI to conduct a 15-day Variable Rate Reverse Repo (VRRR) auction for ₹6 lakh crore
RBI to auction ₹6 lakh crore VRRR on Aug 31 to manage surplus liquidity in the banking system.
