OMOs, forex swaps to keep system flush with liquidity

This move follows a period of The These moves should inject ₹1.45 lakh crore into the banking system. Average system liquidity stood at ₹1.68 lakh crore in November and ₹2.63 lakh crore in December so far, RBI data showed."Liquidity stood at about 0.8% of NDTL in November. The timing of this recent liquidity infusion is smart as we will also be having the quarterly advance tax outflows during the third week of December," said Gaura Sengupta, chief economist at Live EventsIn the first tranche, the RBI will ...