Liquidity within the banking system is anticipated to stay in the deficit mode in the week forward, however the gap is unlikely to widen attributable to lack of main outflows. Also there are funds worth almost 20 billion rupees which will stream within the banking system on Wednesday as coupon payments from government securities. The a hundred and fifty billion rupees price of gilts that had been auctioned on Friday, the fee for which is due on Monday, is unlikely to pressure liquidity as this cash outflow will likely be offset by the Reserve Financial institution of India’s open market gilt purchases, which also was carried out on Friday. The funds for both auctions will be made on Monday, and hence reduce the outflow from the banking system.
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