RBI may need to inject further Rs 2 lakh crore to let rates transmit

To ensure the recent interest rate reduction truly benefits the economy, the Reserve Bank of India may have to infuse a staggering 1.5 lakh crore into the financial system. This move is seen as vital to offset the liquidity drains caused by advance tax payments and possible forex market interventions.

from Economic Times https://ift.tt/xbzoO9V