Why Banks' Liquidity Will Go Into Deficit Mode

The liquidity will move into deficit after advance tax payments and GST outflows. It will rebound in October because of government spending. IMAGE: Kindly note the image has been posted only for......

RBI tells IMF why it frequently intervenes in forex market

The Reserve Bank has told the International Monetary Fund (IMF) that the objective of frequent interventions in the forex market is to curb excessive volatility, dismissing the Fund's rationale for......

FX derivatives mkt in a fix before new RBI rules

Exchange-traded currency derivatives volumes are likely to drop in view of new Reserve Bank of India (RBI) rules, casting a cloud over further participation of retail investors and proprietary......

RBI conducts 4-day VRRR auction as overnight rates fall below repo

The Reserve Bank of India (RBI) on Monday did a four-day variable rate reverse repo (VRRR) auction to reduce liquidity in the banking system as the overnight money market rates fell below the repo......