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-Indian system has adequate liquidity, says RBI deputy governor.

Global Banking News-September 11, 2012--Indian system has adequate liquidity, says RBI deputy governor(C)2012 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 11 September 2012

The Reserve Bank of India (RBI) deputy governor, Subir Gokarn said that the Indian banking system was under no pressure for liquidity.

He stated that the RBI had been comfortable both with quantity of liquidity adjustment facility (LAF) borrowing and behaviour of call rate. The overall LAF borrowing was within the limit of 1 percent of net demand and time liabilities, according to Gokarn.

The deputy governor did not comment on the inflation situation. The government is due to present inflation data for August on September 14.

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Publication:Global Banking News (GBN)
Date:Sep 11, 2012
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