investcorpus.in > Latest News > Business News > Personal Finance > India is poised to navigate its most significant cash shortage in years, thanks to measures implemented by the Reserve Bank of India
India is poised to navigate its most significant cash shortage in years, thanks to measures implemented by the Reserve Bank of India
India is making significant progress in addressing one of the most severe liquidity shortages in its financial system, thanks to decisive actions taken by the central bank to infuse cash. As of March 6, the liquidity deficit, indicated by the amount borrowed by banks from the central bank, has decreased to 793 billion rupees ($9 billion), down from a nearly 15-year peak of 3.3 trillion rupees recorded in late January, according to a Bloomberg Economics index.
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