Banking liquidity surplus shrinks to Rs 541 crore as cash crunch increases
Liquidity surplus in the banking system was reported at ₹541 crore as of October 21. Banks have increased fund parking to meet their daily cash reserve requirements of 99%. The weighted average call rate (WACR) rose to 5.65%, which is 15 bps higher than the repo rate. The Reserve Bank of India conducted variable rate repo...
Key Takeaways
- Liquidity surplus in the banking system was reported at ₹541 crore as of October 21.
- Banks have increased fund parking to meet their daily cash reserve requirements of 99%.
- The weighted average call rate (WACR) rose to 5.65%, which is 15 bps higher than the repo rate.
Liquidity surplus in the banking system was reported at ₹541 crore as of October 21. Banks have increased fund parking to meet their daily cash reserve requirements of 99%. The weighted average call rate (WACR) rose to 5.65%, which is 15 bps higher than the repo rate. The Reserve Bank of India conducted variable rate repo operations to manage systemic liquidity.
Original Publisher Attribution
This summary was curated from Economic Times.