India Overnight Rates Ease to 5.64% as RBI Liquidity Operations Signal Easing Bias

RBI's daily money market report shows overnight weighted average rate at 5.64%, within the 4.30-6.00% range, with triparty repo dominating volumes. The rate remains below the repo rate, indicating ample liquidity and a potential easing bias in RBI's operations. This suggests continued accommodative monetary conditions, supporting growth but with inflation watch.

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