Ranging from ₹50,000 crore to ₹2.5 trillion in December and January during tight liquidity conditions, the size of repo auctions has decreased to ₹25,000 crore to ₹1.5 trillion in February and March.
Additionally, the RBI has begun conducting variable rate reverse repo (VRRR) auctions from February to absorb excess liquidity.
"Government spending, which has eased liquidity tightness. However, the respite from tight liquidity is momentary because advance tax and GSTrelated outflows in March-end will drain out liquidity from the system," Anil Gupta, senior vice president, ICRA, told FE has started "The size of VRR has reduced in the past one month because the demand for cash from banks has come down."
Bu hikaye Financial Express Mumbai dergisinin March 09, 2024 sayısından alınmıştır.
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Bu hikaye Financial Express Mumbai dergisinin March 09, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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