RBI may infuse another Rs 1.6 lakh crore via OMOs in Mar quarter, says BofAML
Updated : November 28, 2018 04:36 PM IST
The global investment firm also said the apex bank's decision on Tuesday to infuse Rs 40,000 crore through OMOs in December may not be adequate to defuse the current liquidity shortfall, which is as high as Rs 1,00,000 crore.
The money market deficit is already running at a high Rs 1,00,000 crore, and after advance tax outflows, it could climb to Rs 1,40,000 crore in December, it added.
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