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RBI chief says bank liquidity surplus set to shrink by year-end
Original: India bank liquidity surplus likely to decline by financial year-end, RBI Chief says
The Reserve Bank of India's governor has said that the current surplus of liquidity in the banking system is likely to decline by the end of the financial year. The remarks signal that the central bank expects conditions to tighten as the fiscal year closes, a point of interest for markets tracking funding costs and policy stance.
Why now: Bank liquidity levels affect interest rates and lending, so the RBI chief's outlook matters to Indian markets.
Evidence
- India bank liquidity surplus likely to decline by financial year-end, RBI Chief says · Reuters
- India bank liquidity surplus likely to decline by financial year-end, RBI Chief says · WTVB
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