In contrast, in 2009–10 when there was foreign exchange outflow following the global financial crisis, the RBI had to expand NDA to maintain an adequate level of rupee liquidity. The year 2010–11 provides a more balanced picture with a mix of NFA and NDA contributing to desired liquidity expansion.
Hence, in a normal situation it may not be very difficult to keep liquidity in a deficit mode. In the case of excessive capital inflows it could still be feasible to keep the system in liquidity deficit mode.