India's banking system liquidity has slipped into deficit for the first time in nearly 40 months, according to the Reserve Bank of India.
The RBI infused Rs 21,800 crore ($2.73 billion) into banking system on Tuesday, the biggest since May 2019.
Overnight rates continue to stay elevated, with one-day call money rate jumping to 5.85 per cent, highest since July 2019.
Published 21 September 2022, 04:50 IST