Despite two auctions slated to be held on June 3 and 4, liquidity in the banking system is expected to remain easy.
However, the level of funds has come down from last week as is evident from the repo subscriptions which currently however in the Rs 10,000- Rs 15,000 crore range as against Rs 25,000- Rs 30,000 crore earlier.
The cash position will be primarily driven by foreign exchange inflows