Dollar deluge prompts ₹1 trillion OMO; enough liquidity tools, says RBI governor
· livemint.com
System liquidity crossing ₹11 trillion earlier this month has already prompted the central bank to withdraw surplus liquidity of over ₹8 trillion through multiple VRRR auctions.
The Reserve Bank of India on Friday moved to drain the banking system's dollar deluge from the runaway success of its special foreign deposit scheme, announcing...