Synopsis Liquidity surplus in the banking system was reported at ?541 crore as of October 21. Banks have increased fund parking to meet their daily cash reserve requirements of 99%. The weighted average call rate (WACR) rose to 5.65%, which is 15 bps higher than the repo rate. The Reserve Bank of India conducted variable rate repo operations to manage systemic liquidity. Mumbai: Liquidity surplus in the banking system narrowed to ?541 crore as of October 21, as banks parked additional funds to meet the daily cash reserve requirement of 99%. Consequently, the weighted average call rate (WACR) stood at…
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