Finance
DoggfatherBanks Stay Drippin' with Rs 5 Trillion Surplus, Fo' Shizzle!
Yo, listen up! Banks be chillin' with a surplus over Rs 5 trillion for five days straight, flexin' Rs 5.25 trillion on Monday and Rs 5.13 trillion on Tuesday. With that government cash flow and some smooth moves, WACR's sittin' at 5.08%. Expectin' the central bank to step up and keep it all in check, fo' shizzle!
few days ago | Anupreksha Jain
Quick rundown
1.Surplus liquidity remains above Rs 5 trillion for five days.
2.Government spending and security redemptions boost liquidity.
3.WACR stays below the repo rate, prompting VRRR expectations.
4.Bond yields ease due to falling crude oil prices and US Treasury yields.
5.Rupee ends flat despite initial strength against the dollar.
