RBI sees September liquidity peak, with marginal impact on consumer-facing rates
The RBI expects surplus liquidity to peak around September and says its impact should be marginal. The central bank said lending-rate transmission is largely complete, while work continues on Payments Act amendments and potential merchant discount-rate arrangements.
RBI said liquidity surplus may peak around September and have only marginal impact. It remains focused on headline inflation and said rate transmission is largely complete. The central bank also flagged ongoing work on Payments Act amendments and possible merchant discount-rate arrangements.
Why this matters
The liquidity outlook follows RBI signals on UPI funding needs and an unresolved merchant-fee debate, while the bank is also directed to establish SOPs for digital- and cyber-fraud recovery.
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