business

Why RBI is mopping up cash from banks

By Info60 India Desk•Summary of reporting by The New Indian Express•Sep 17, 2026•0 views•

Record foreign-currency inflows have left banks with a huge surplus, prompting the central bank to sell government bonds to absorb rupees

The Indian banking system is suddenly flush with cash. Thanks to a number of reasons playing at home and abroad, an unprecedented deluge is sloshing around in the system. This isn’t a distant technical aberration—it’s an economic reality that’s bound... [6857 chars]

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