Banks seek short-term funding from RBI amid tight liquidity

Banks seek short-term funding from RBI amid tight liquidity

Money market dealers said this will turn system liquidity into surplus from next week and help it remain comfortable through January. "This will be supported by continued OMO (open market operations) purchases totalling around Rs 1.50 lakh crore in January, along with G-sec redemptions of approximately Rs 90,785 crore," said VRC Reddy, head of treasury at Karur Vysya Bank,