RBI absorbs over 6 trillion rupees via cash withdrawal operations
The Reserve Bank of India absorbed more than 6 trillion rupees through cash withdrawal operations on Monday after banking liquidity surged to a record high. At an overnight auction, it received offers worth 3.53 trillion rupees.
By Dharamraj Dhutia. 53 billion) through cash withdrawal operations on Monday, a day after banking liquidity surged to a record high. 53 trillion rupees at an overnight auction, right after the liquidity surplus in the banking system hit a record high.