India’s cash deficit eases after Central Bank opens fund tap

  • Posted on February 5, 2025
  • By Business News Today
  • 2 Views
India’s cash deficit eases after Central Bank opens fund tap

India's cash crunch has significantly reduced after the Reserve Bank of India implemented aggressive liquidity measures amidst slowing economic growth. The liquidity deficit dropped from 2.2 trillion rupees to 660.4 billion rupees, easing banks' overnight borrowing costs and aligning the rate with the central bank's policy repurchase rate.
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