Surplus liquidity in the banking system stood at ₹1.96 trillion on Thursday, according to the latest data by the Reserve Bank of India (RBI).
"The liquidity will move into deficit after advance tax payments, and we also have GST outflows. It will rebound in October because of government spending," said Madan Sabnavis, chief economist at Bank of Baroda.
This story is from the September 16, 2024 edition of Business Standard.
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This story is from the September 16, 2024 edition of Business Standard.
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