India boosts efforts to drain surplus cash as dollar flows swell
· thehindubusinessline.com
The latest move marks a shift towards larger and longer-tenor operations as the RBI seeks to absorb liquidity generated by its measures to attract foreign inflows to shore up the rupee
The Reserve Bank of India (RBI) has stepped up efforts to drain excess liquidity as a surge in foreign-currency inflows swells cash in the financial system.
Th...