Banking system liquidity improves to 1-month high on back of govt spending

Quick Summary:

"Government spending is the reason for the rise in liquidity.

The spread between three-month and 30-year has narrowed down to 34 bps in August from 40 bps in July, given the long end part of the curve has moderated.

In August, cut-off yields for the 10-year paper of both state and Centre moderated, suggesting strong demand conditions.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Banking Monetary Policy Committee Liquidity Finance sector US Treasury yields

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-03 @ 20:34:36 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 466 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22349447

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Main Topics: BusinessFinance

Official Website: business-standard.com

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Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

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News Language: English

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Publisher ID: #49

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