Banking liquidity falls to fiscal-year low, pushes up money market rates
· economictimes.indiatimes.com
Money market rates have risen as banking system liquidity dropped to its lowest this fiscal year. Advanced tax outflows caused this liquidity fall. Economists expect liquidity to improve in the second quarter due to RBI measures. The RBI is currently providing temporary liquidity support through Variable Rate Repo operations.
Agencies Advance Tax Outflows hurt
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