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Banking liquidity slips into deficit on tax outflows

As reported by Stocks-Markets-Economic Times
Banking system liquidity slipped into deficit for the first time in three months, falling to ₹19,971 crore on Monday from a surplus of ₹30,685 crore a day earlier, mainly due to advance tax outflows.
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India's banking system liquidity recently fell into a deficit of ₹19,971 crore on Monday. This marks the first deficit in three months, a significant shift from the previous day's surplus of ₹30,685 crore. The primary reason cited for this change is the outflow due to advance…

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