An analysis of the weighted average call rate (WACR) shows that the key overnight market rate has been much higher than the repo rate was during the phase of rate hikes and stance of calibrated tightening that the central bank had adopted in 2018.
RBI’s playing aggressively in currency market in FY25
Latest data published by the RBI showed that in April and May, the central bank purchased dollars worth $8 billion and $23.6 billion, respectively, in