While the first phase of the cut kicked in on Saturday, things are already looking tough, said market participants. Consequently, the call rates and the tri-party repo rate (TREPS) shot up to 6.80%-6.90% on Monday, which is above the marginal standing facility (MSF) of 6.75%. Earlier, they were in a range of 6.30% to 6.50%, that is, they were at or below the repo rate, which is considered to be the comfortable band for the central bank.
This story is from the December 17, 2024 edition of Financial Express Ahmedabad.
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This story is from the December 17, 2024 edition of Financial Express Ahmedabad.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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