 "Govt in need for cash, expect open mkt operations every week: Nomura")
With the expectation of a cut in key policy rates, falling inflation and the chances of open market operations every week, Nomura Indiarates strategist, Vivek Rajpal predicts that rates are likely to consolidate around 7.45-8 percent.
In an exclusive interview to CNBC TV18 he said that the government needs more money and will conduct more open market operations (OMO). “Expect another Rs 50,000 crore to be purchased by March,” he said. For this, the government will have to conduct Open Market Operations of atleast Rs 80,00 crore every week.
At the moment, the banking system has rupee liquidity deficit of around Rs 120,000 crore and a currency leakage of around Rs 2 crore is expected within the next two weeks, Rajpal said, adding, that the liquidity deficit will stand at Rs 1,40,000 crore if there is no liquidity infusion.
Watch the full CNBC-TV18 reportbelow:
 "Why South Korea, Japan and China can't convince citizens to have children")
 "Flake News: Why Kellogg’s CEO is facing flak for ‘cereal for dinner’ remark")
 "This Week in Explainers: Will recession in UK, Japan hit daily living?")
 "UPI's international linkages show it can be global model for cross-border payments: RBI governor Das")
 "Why South Korea, Japan and China can't convince citizens to have children")
 "Flake News: Why Kellogg’s CEO is facing flak for ‘cereal for dinner’ remark")
 "This Week in Explainers: Will recession in UK, Japan hit daily living?")
 "UPI's international linkages show it can be global model for cross-border payments: RBI governor Das")