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Home Service Industry news Tertiary news Rates on CDs up 5-10 bps on shortage of liquidity

Rates on CDs up 5-10 bps on shortage of liquidity

Utsav Saxena. Rates on Certificates of Deposit (CDs) maturing in three months have increased by 5-10 basis points mainly due to a shortage of liquidity and were quoted in the range of 6.95-7.05%. The average liquidity deficit in the week ended December 28 was `1.6 lakh crore, higher than the average liquidity deficit of Rs 1.


Posted: 2019-01-01 23:19:00

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