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RBI Governor Sanjay Malhotra made it clear that its top priority is giving banks reliable liquidity, not hinting at any upcoming rate cuts.
The current setup keeps things stable with a floor of 5% and a ceiling of 5.5%, sandwiching the repo at 5.25%.
Malhotra reassured everyone that even if call rates dip lower, RBI will keep supporting banks so there's no need to worry about sudden changes or instability.