The reluctance to park funds for long comes despite a sharp increase in surplus liquidity over the past couple of weeks following government expenditure. On an average, the RBI has absorbed surplus funds worth ₹1.87 trillion rupees from banks this month. Tellingly, the rate of interest offered to banks by the SDF is sharply lower than what lenders would have earned by parking funds at the VRRR auctions. This reflects the continuing uncertainty amongst lenders about the liquidity outlook.from Banking/Finance-Industry-Economic Times https://ift.tt/MaUWwj4
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