The Reserve Bank of India’s liquidity draining operation faced a weak response from banks. The variable rate reverse repo auction was undersubscribed. The central bank received bids worth less than the notified amount. Rates moved above the standing deposit facility rate. The intent is to lift overnight rates. Banks are reluctant to park the full amount with the RBI.
2 top stock recommendations from Rajesh Bhosale
Indian equity markets rebounded on Monday, led by banking stocks, after testing key support levels. While the near-term bias remains positive, the market is expected
December 15, 2025