Reported about 10 hours ago
The Reserve Bank of India is exploring the reintroduction of daily repurchase operations as a solution to the ongoing cash crunch that threatens economic growth. With bank borrowing costs exceeding the benchmark rate, the RBI aims to align these costs with its policy rate and enhance liquidity in the financial system. This comes as liquidity deficits have reached historic levels, complicating the central bank's accommodative policy and following a trend of tightening since mid-2022.
Source: YAHOO