RBI's first big liquidity mop-up after rate hike falls short as banks park less than half the target
The Economic Times has reported a new India-focused economy development: “RBI's first big liquidity mop-up after rate hike falls short as banks park less than half the target.” The publisher's feed describes the story as follows: In a bid to manage liquidity, the Reserve Bank of India executed a 29-day variable rate reverse repo auction, yet banks only stashed away Rs 79,655 crore instead of the anticipated Rs 2 lakh crore. Early fund withdrawal was permitted, but participation remained tepid,
Intellectual Janata displays only original summaries of externally sourced news and links readers to the original publisher.



