Repo transmission taking 2-3 months against the 6 months earlier, says Das.
The financial system is “hugely surplus” with liquidity, Reserve Bank of India Governor Shaktikanta Das said on Monday, adding that this would facilitate better transmission of rate cuts implemented by the central bank.
“You have to keep in mind the fact that from June 1 onwards, the system is more than adequately surplus in liquidity,” Mr. Das said at a press conference following a post-Budget meeting of the RBI Board with Finance Minister Nirmala Sitharaman.
“Today, as we speak, the system liquidity is hugely surplus and we have also announced a liquidity backstop for the banks to implement the NBFC package which the Finance Minister announced in the Budget.”
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