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The Economic Times
The Economic Times
National

India's central bank withdraws over 6 trillion rupees of bank liquidity after record spike

RBI India Reserve Bank of India Bonds IDFC First Bank

MUMBAI: The Indian central bank absorbed more than 6 trillion ​rupees ($63.53 billion) through cash withdrawal ​operations on Monday, a day after banking liquidity surged to ​a record high.

The Reserve Bank of India received offers worth 3.53 trillion rupees at an overnight auction, right after banks parked 2.59 trillion rupees through a 30-day auction.

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