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    Question

    What was the system liquidity in the banking system as

    of August 3, according to RBI data?
    A тВ╣3.09 lakh crore Correct Answer Incorrect Answer
    B тВ╣3.50 lakh crore Correct Answer Incorrect Answer
    C тВ╣4.09 lakh crore Correct Answer Incorrect Answer
    D тВ╣4.50 lakh crore Correct Answer Incorrect Answer
    E тВ╣5.00 lakh crore Correct Answer Incorrect Answer

    Solution

    System liquidity refers to the total surplus or deficit funds in the banking system. As of August 3, liquidity stood at тВ╣4.09 lakh crore, indicating a strong surplus. This high liquidity level was maintained despite the RBI conducting a $5 billion USD/INR swap that drained тВ╣43,000 crore from the system, demonstrating robust capital availability in Indian banks.

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