World & BusinessIndia’s central bank reportedly withdraws over 6 trillion rupees after record liquidity spike
The Economic Times reports that banks parked funds with the Reserve Bank of India through overnight and 30-day auctions.
TLDR
The Reserve Bank of India absorbed over 6 trillion rupees from the banking system following a record surge in liquidity a day earlier, The Economic Times reports. Banks parked funds through overnight and 30-day auctions as the central bank managed excess liquidity.
India’s central bank reportedly withdraws over 6 trillion rupees after record liquidity spike
The Economic Times reports that banks parked funds with the Reserve Bank of India through overnight and 30-day auctions.
TLDR
The Reserve Bank of India absorbed over 6 trillion rupees from the banking system following a record surge in liquidity a day earlier, The Economic Times reports. Banks parked funds through overnight and 30-day auctions as the central bank managed excess liquidity.
