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The Economic Times

Economy / The Economic Times

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Indias record bank cash surplus fades as RBI curbs rupee bets

Indian banks have seen their excess funds drop significantly as the Reserve Bank of India maintains liquidity tightness. This monetary policy is aimed at curbing speculation against the rupee, which has reached critical levels. The central bank has provided limited liquidity support and capped assistance at 1.5 trillion rupees. Consequently, overnight borrowing rates have risen close to the top of the monetary policy range.

28 Oct 2026 7:56 am