Liquidity within the banking system is anticipated to remain in the deficit mode in the week ahead, but the gap is unlikely to widen on account of lack of major outflows. Additionally there are funds price almost 20 billion rupees which is able to move in the banking system on Wednesday as coupon payments from authorities securities. The one hundred fifty billion rupees worth of gilts that were auctioned on Friday, the cost for which is due on Monday, is unlikely to strain liquidity as this cash outflow will likely be offset by the Reserve Financial institution of India’s open market gilt purchases, which additionally was conducted on Friday. The funds for each auctions will likely be made on Monday, and hence reduce the outflow from the banking system.
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