The record
Written from the 1 report below. Nothing here is unsourced.
- Economists, including analysts at Barclays, expect the Reserve Bank of India to take new measures to absorb excess liquidity from the banking system.
- Barclays says the current liquidity surplus is substantially above the RBI's preferred level of around Rs 2.7 lakh crore.
- It also points to FCNR (foreign currency non-resident) deposit flows as a factor adding to the surplus.
- Additional absorption measures are expected in the coming months, which could affect money market conditions and interest rates.
What to watch next
- RBI announcements on new liquidity absorption tools such as CRR hikes or bond sales
- Tracking of banking system liquidity levels relative to the RBI's preferred surplus of around Rs 2.7 lakh crore
- FCNR deposit inflows and their impact on the liquidity surplus
Who said what1
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Barclays
1 quote · 1 outlet
“the liquidity surplus is substantially above the RBI's preferred level of around Rs 2.7 lakh crore and expects more liquidity absorption measures in the coming months.”
In the article
…Barclays, in its report, said the liquidity surplus is substantially above the RBI's preferred level of around Rs 2.7 lakh crore and expects more liquidity absorption measures in the coming months.
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Named India · Barclays · Reserve Bank of India
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