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Banking System Liquidity Slips Into Deficit: RBI
Banking System Liquidity Slips Into Deficit: RBI

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MUMBAI:

The banking system liquidity has slipped into deficit for the first time in nearly 40 months, according to the Reserve Bank of India.

The RBI infused Rs 218 billion ($2.73 billion) into banking system on Tuesday, the biggest since May 2019.

Overnight rates continue to stay elevated, with one-day call money rate jumping to 5.85%, highest since July 2019.

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