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Banking sector liquidity in deficit for 1st time in 40 months: RBI
short by Ashley Paul / on Wednesday, 21 September, 2022
India's banking sector liquidity has slipped into a deficit for the first time in 40 months, data from the Reserve Bank of India (RBI) showed. RBI infused ₹21,873 crore into the banking system on Tuesday, the highest since May 2019. The Centre is reportedly in no hurry to push inflation, which is near 7%, back to RBI's 4% medium-term target.
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