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Tax payments: spurt in quarter-end activity may squeeze liquidity further

Interest rates on term deposits, money market instruments could go up further, even as RBI may conduct repo operations to maintain liquidity in the system

Topics
Liquidity | Reserve Bank of India | tax payment

Abhijit Lele  |  Mumbai 



tax
Illustration: Ajay Mohanty

The remaining three weeks of the month are likely to see further pressure on due to payment of advance tax by September 15, and a spurt in credit offtake towards the end of quarter (Q2FY23). This could push up on term deposits and money market instruments further, even as the may conduct repo operations to maintain adequate in the system.

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First Published: Sun, September 11 2022. 20:07 IST

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