Tushar Poddar, Goldman Sachs said, "Liquidity has been very tight leading to short-end rates remaining well above the repo rate. Forex outflows have swamped the RBI's easing efforts through OMOs. We think the RBI will need to continue to inject liquidity through open market operations and CRR cuts. We now expect 100 bps CRR cut from 50 bps earlier."
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