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Easy liquidity led to faster monetary transmission; banks pass on 1.62% rate cuts in 17 months: RBI

Easy liquidity led to faster monetary transmission; banks pass on 1.62% rate cuts in 17 months: RBI
Das said the measures, which got adopted with deep rate cuts, have also ensured faster transmission of the policy rates into the actual lending by banks, in turn helping the economy. At present, the overall excess liquidity is at over Rs 5 lakh crore.