RBI drains over six trillion rupees after liquidity surge
The Reserve Bank of India absorbed more than six trillion rupees through cash withdrawal operations following a record surge in banking liquidity. The central bank aims to manage large liquidity surpluses to mitigate potential inflation risks.
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The India central bank absorbed 6.12 trillion rupees ($64.8B) through cash withdrawals on Monday following a record surge in banking liquidity. The liquidity surplus peaked at 11.16 trillion rupees, driven by $136B in special one-off external balance inflows.
