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The Economic Times

Markets / The Economic Times

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Liquidity faces a bit of squeeze as Rs 2 lakh crore flows to tax kitty

India's banking system liquidity surplus narrowed to 75,483 crore due to advance tax outflows and forex market interventions. This pushed money market rates up, prompting the RBI to conduct a repo operation. Economists estimate the RBI sold over $15 billion to support the rupee.

18 Mar 2026 5:26 am