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The net liquidity in the banking system narrowed to Rs 40,788 crore on Wednesday on the back of government spending and the $10 billion swap auction conducted by the central bank on Monday, said experts.
The net liquidity in the banking system was in a deficit of Rs 1.57 trillion on Tuesday, Reserve Bank of India (RBI) data showed. The banking system’s net liquidity has been in deficit mode since mid-December, and it had widened to a deficit of Rs 3.2 trillion in January.
“Liquidity improved because of government spending and the swap auction, as the settlement data for the
