According to the Reserve Bank of India (RBI), the liquidity deficit touched 3.34 trillion on Tuesday from 2.72 trillion on Monday.
"There is a lag effect in government spending versus its collections. The liquidity from government side comes into the market after a gap which causes fluctuations in liquidity. Month-end GST outflows have also added to the liquidity tightness," Ajay Manglunia, managing director and head investment grade group, JM Financial, told FE. He added that the RBI wants liquidity to remain tight to control inflation because tighter liquidity means higher rates and slower credit disbursement.
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Denne historien er fra January 25, 2024-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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