Economy · India
RBI Absorbs Rs 6 Lakh Crore Liquidity Amid Surplus
The Reserve Bank of India (RBI) has absorbed approximately Rs 6 lakh crore in liquidity through two auctions, indicating a significant surplus in the banking system. The first auction saw Rs 2 lakh crore being mopped up, while the second auction absorbed Rs 4 lakh crore. The response to these auctions was described as mixed. The overall liquidity surplus in the banking system has reached Rs 11.16 lakh crore, presenting a challenge for the central bank to manage.
How outlets across the spectrum covered it
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- Centre (2): The Economic Times, The Financial Express