| Title | Money market rates rise over MSF despite RBI steps; seen up in December |
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| URL | https://informistmedia.com/MoneyWire/40958/SPOTLIGHT-Money-market-rates-rise-over-MSF-despite-RBI-steps-seen-up-in-December |
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| Category | Finance and Money --> Financing |
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| Meta Keywords | MONEY MARKET, RBI, MONEY |
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| Meta Description | The one-day interbank call money rate Tuesday rose to 5.70%, above the Reserve Bank of India's Marginal Standing Facility rate of 5.50%, the highest since Oct. 29, which was before the RBI cut the repo rate by 25 basis points to 5.25%. |
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| Owner | ankita shinde |
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| Description |
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| The one-day interbank call money rate Tuesday rose to 5.70%, above the Reserve Bank of India's Marginal Standing Facility rate of 5.50%, the highest since Oct. 29, which was before the RBI cut the repo rate by 25 basis points to 5.25%. The overnight triparty repo rate also hit a high of 5.60% for the second consecutive day in a row Tuesday. Money market rates have surged despite the central bank infusing transient liquidity of around INR 1.52 trillion so far this week. Outflows for tax payments, credit disbursements, and an unexpected fall in the rupee past the key 91 per dollar mark has pushed up demand for funds, which is likely to continue till the end of the month, dealers said. |
