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Banking System Liquidity Slips Into Deficit: RBI


The banking system liquidity has slipped into deficit for the primary time in practically 40 months, in line with the Reserve Financial institution of India.

The RBI infused Rs 218 billion ($2.73 billion) into banking system on Tuesday, the most important since Could 2019.

In a single day charges proceed to remain elevated, with one-day name cash charge leaping to five.85%, highest since July 2019.

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