The LCR requirement in each significant foreign currency and on a consolidated basis was increased to 70% on 31 January 2018 and will be gradually increased every year to reach 100% by 31 January 2020.
Largely due to the prevailing excess rupee and foreign currency liquidity, the average LCR for the banking sector in MUR, USD, EUR and CNY as at 31 April 2018 stood at 266%, 108%, 77% and 83% respectively. On a consolidated basis, the average LCR for the banking sector was 174% as at End-April 2018.