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1 year ago

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India overnight rates stay above repo as banks borrow before VRRR maturity

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India overnight rates stay above repo as banks borrow before VRRR maturity

India's overnight market rates continue to trend above the Reserve Bank of India's (RBI) repo rate as banks borrow funds to meet reserve needs and fund tax outflows when the bulk of the liquidity surplus remains locked with the central bank, traders and analysts said.

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India overnight rates stay above repo as banks borrow before VRRR maturity

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India overnight rates stay above repo as banks borrow before VRRR maturity

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