Nomura suggests the RBI might replace the unsecured WACR with a secured rate like TREPS or SORR to enhance monetary policy transmission, aligning with global practices. Secured repo markets have grown significantly, while call money market volumes remain stagnant. This shift would necessitate more active liquidity management by the RBI, especially concerning mutual funds’ access to standing facilities.
Oil price down more than 2% in early Asian trade
Oil prices fell more than two percent in early Asian trade after strong gains in recent days on the back of the conflict in the