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No liquidity shortage, says RBI Governor

NEW DELHI: Reserve Bank Governor Shaktikanta Das today said the central bank will take steps if there is a shortage of liquidity in the economy though the current cash needs are largely met.

New Delhi, January 7

Reserve Bank Governor Shaktikanta Das today said the central bank will take steps if there is a shortage of liquidity in the economy though the current cash needs are largely met.

The Governor also said he will meet representatives of non-banking finance companies (NBFCs) tomorrow in Mumbai to understand the liquidity crunch faced by the sector.

Pointing out that liquidity in the system is regularly monitored, Das said the RBI will take steps whenever there is any deficit.

Asked if there are any pressure points as far as liquidity is concerned, he said it would not be right to mention any particular sector. — PTI

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