Cast your eyes on the accompanying table. It shows that reserve money growth in the current fiscal year till 16th September has been flat, in fact slightly negative. Last fiscal, over the same period, reserve money increased by 3.1 percent. Reserve money is nothing but the central bank’s liabilities---a fall in reserve money therefore indicates a fall in liquidity. (image) One reason why reserve money has not increased is because the RBI has been defending the rupee by selling dollars....
Moneycontrol Pro Panorama | When boring is good news for the Street
Sep 30, 2022 / 02:25 PM IST
RBI chooses to stick to the rate hike narrative, markets leap 1,000 pointsRead Now
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