Reserve Bank of India ne banking system se nearly $20 Billion ka extra cash kheench liya hai. Iska seedha asar market liquidity aur borrowing costs par padega.
RBI ne system se extra cash kam karne ke liye ek dam tight strategy apna li hai. Bond sales aur currency swaps ke zariye lagbhag $20 Billion system se bahar nikal diye gaye hain. Kuch din pehle hi banking system mein surplus ₹11 lakh crore ke upar chala gaya tha, jise control karna zaroori ho gaya tha.
Inflation aur Liquidity ka connection
Jab system mein bahut zyada cash hota hai, toh inflation ka khatra badh jata hai. RBI ka maqsad economy ko stable rakhna hai. Iska matlab hai ki ab 'easy cash' ka dor khatam ho raha hai aur hum ek tight monetary phase mein enter kar rahe hain.
Investors ke liye kya matlab hai?
Liquidity tight hone ka seedha matlab hai ki bank ke paas ab lending ke liye kam cash bachega. Isse businesses aur individuals ke liye borrowing yaani loan lena mehnga ho sakta hai. Jin companies par zyada debt hai, unke Profit Margins par iska sidha asar pad sakta hai.
RBI ki 'Smart' Strategy
RBI ne CRR (Cash Reserve Ratio) badhane ke bajaye market-based tools use kiye hain. Forward premiums mein bhi 50 basis points ki tezi dekhi gayi hai, jisse currency hedging ka kharcha badh gaya hai. Core liquidity jo peak par ₹14.2 lakh crore thi, ab ghat kar ₹11.5 lakh crore par aa gayi hai.
Ab agle kuch dino mein bond yields par nazar rakhna zaroori hai. Agar yield badhta hai, toh debt-heavy stocks mein volatility badh sakti hai.