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The Economic Times
The Economic Times
National

How RBI could tackle a liquidity deluge triggered by dollar deposits

RBI India Inflation

MUMBAI: The Reserve Bank of India's special dollar deposit scheme drew a larger-than-expected $127.23 billion, leaving ​the central bank having to deal ​with a problem of plenty.

The dollar deposits, swapped by banks directly with the RBI, have ​pushed the liquidity surplus in India's banking system to a record high of 9.70 trillion rupees ($102.70 billion).

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