Advance tax and GST payments are expected to drain out nearly ₹2.5 trillion from the banking system.
"Liquidity may turn into a deficit mode next week, as close to ₹2.5 trillion is estimated to flow out of the banking system due to advanced tax and GST payments.
With today's (Friday) VRR auction, the RBI wants to ensure that the banking system has enough liquidity," treasury head of a public sector bank told FE.
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