RBI Injects ₹1 Lakh Crore as Cash Conditions Tighten
India’s central bank began its first liquidity infusion program as festive-season cash demand rises.
Our Bureau Mumbai: For weeks, India's central bank had its task-list full, draining excess liquidity after an overwhelming diaspora response to forex-inflow programs. Now, as the festive season slots into top gear, the Reserve Bank of India operationalised its first liquidity infusion program in th…