RBI Injects Funds as Tighter Liquidity Lifts Weekly Average Call Rate to 5.70%
The Reserve Bank of India RBI has stepped up short-term liquidity support for the banking system after surplus cash conditions tightened sharply and pushed the weekly average call rate higher to 5.70 percent. Outflows related to Goods and Services Tax payments, higher cash reserve requirements and seasonal factors reduced the system surplus to around Rs … Read more