Lower govt borrowing to prop up growth, moderate inflation, says RBI Governor Shaktikanta Das

Lower govt borrowing to prop up growth, moderate inflation, says RBI Governor Shaktikanta Das

Reserve Bank Governor Shaktikanta Das on Monday said lower government borrowings than the market estimates will free more capital for the private sector resulting in easing of inflation and bolstering growth. “This year’s borrowing is lower than what initially the markets had expected. Lower quantum of borrowing means…it would ensure that much more resources will … Read more

Liquidity in the banking system slips to 6-month low

Liquidity in the banking system slips to 6-month low

Mumbai: Liquidity in the banking system has slipped into its deepest deficit in almost six months, inflating borrowing costs, as outflows due to corporate advance taxes and the Reserve Bank of India’s likely actions to stabilise the rupee have drained lenders of funds. As of September 16, the RBI infused ₹68,785.94 crore into the banking … Read more