As today’s Data came from RBI shows that the banks have borrowed only 2000 crore under the liquidity window opened by RBI for the Mutual fund industry, the initial low response may suggest that the mutual fund industry has not yet faced redemption pressure, as was expected.
The window will be open till May 11 and the total money issued under this window is Rs. 50000 Crore so money can be fully utilized by the banks and the central bank can possibly increase the limit if required or the situation gets further deteriorated.
Data also reveals that banks have ample liquidity because yesterday, the banks have deposited a total Rs. 7.27 lakh crore surplus money with the RBI.