RBI's infusion is expected to create a durable liquidity surplus of approximately Rs 1.2 lakh crore by the end of March, Citi said. (Photo source: NDTV Profit)
The Reserve Bank of India’s recent liquidity infusion measures have exceeded expectations, according to Citi’s latest analysis. The RBI announced an infusion of approximately Rs 1.8 lakh crore through foreign exchange swaps and open market operations, which is higher than Citi’s initial estimate of Rs 1 lakh crore. This move is expected to shift durable liquidity from a slight deficit to a surplus by the end of March.RBI’s liquidity ...