RBI scraps GSAP signalling resumption of liquidity normalisation

RBI scraps GSAP signalling resumption of liquidity normalisation thumbnail

RBI scraps GSAP signalling resumption of liquidity normalisation

By

, ET Bureau

Synopsis

Governor Shaktikanta Das said that the normalisation of liquidity has to be gradual and non-disruptive. “There is no need for more GSAP auctions,” he said.

ET Bureau

The Reserve Bank of India scrapped GSAP (Government Securities Acquisition Programme) reflecting a resumption of the liquidity normalisation programme.

Governor Shaktikanta Das said that the normalisation of liquidity has to be gradual and non-disruptive. “There is no need for more GSAP auctions,” he said.

According to an ET poll conducted among 24 banks, funds and financial institutions, RBI would comment on the liquidity normalisation programme.

The average daily liquidity has gone up to Rs 9.4 lakh crore until October 5 versus about Rs 7 lakh crore in September.


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