WACR tops repo rate for first time in nearly 2 months
Liquidity in the banking sector has contracted to below ₹5 lakh crore, causing the weighted average call rate to rise to 5.31%.
The Reserve Bank of India is undertaking actions to absorb surplus liquidity.
With government expenditures and bond sales looming, analysts predict a return to normalcy in liquidity levels, hovering near ₹5 lakh crore by month-end, while the Reserve Bank maintains oversight on the call rate.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on economictimes.indiatimes.com — the content belongs to The Economic Times.
