RBI may need to continue infusing longer-term liquidity, say analysts
The central bank will conduct a 14-day variable rate repo auction later on Friday-its first since February 2020-to infuse 500 billion rupees ($6.06 billion) into the banking system. The daily average surplus of 180 billion rupees in the last three weeks is sharply lower than the 860 billion rupees in the first three weeks of 2022.
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