Banking liquidity turns deficit after two months amid GST outflows, RBI forex intervention

Liquidity in the banking system fell into deficit due to outflows from GST payments and RBI’s intervention in the forex market. This led to a deficit of Rs 6,956.24 crore on Monday, compared to a surplus of Rs 28,203.76 crore on Friday. The call rate has been hovering around 6.70-6.80%, affecting MIBOR and tri-party repo […]