• CRISIL
• 29 Mar, 2019

Interbank call money rates remained mostly below the RBI’s repo rate in the quarter. Sporadic tightness in systemic liquidity prompted the central bank to conduct regular repo auctions and keep call rates in check. The RBI also conducted reverse repo auctions in between to prevent the rates from dipping too low and to provide banks with opportunities to park idle funds. Meanwhile, in March the central bank accepted the $5 billion it targeted from banks at its currency swap auction to ease liquid
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