WACR exceeds repo rate as liquidity drops below ₹5 lakh cr
pre-market1 source ↓written by the desknot a recommendation
- on Tuesday
- 5.31%
- system fell below
- ₹5 lakh crore
- currently
- ₹4.91 lakh crore
The weighted average call rate (WACR) rose to 5.31% on Tuesday, surpassing the repo rate for the first time in nearly two months. This shift comes as liquidity in the banking system fell below ₹5 lakh crore, currently at ₹4.91 lakh crore. The Reserve Bank of India has implemented measures to manage liquidity, including open market operations and reverse repo auctions.
This development may influence short-term interest rates and market liquidity, impacting trading strategies across sectors. 📉
Not investment advice. For informational purposes only.