RBI drains $20 billion liquidity via FX operations: What it means for rupee, rates
New Delhi, Sept. 29 -- By Nimesh VoraMUMBAI, Sept 29 (Reuters) - The Reserve Bank of India's foreign exchange operations have soaked up an estimated $20 billion of excess rupee liquidity, two bankers said, with dollar-rupee swaps playing a prominent role in liquidity management.The RBI has used a c…