RBI's Cash Splash: Soaking Up ₹2.5 Trillion on Monday

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RBI's Cash Splash: Soaking Up ₹2.5 Trillion on Monday

The Reserve Bank of India is ready for a cash splash! On Monday, they’re hosting a seven-day auction to soak up ₹2.5 trillion from banks. Last Friday, banks tucked away ₹95,970 crore in a mini auction. With ₹3.5 trillion lounging around, the RBI is on a mission to keep the cash flow neat and tidy!

rbi's big auction: absorbing ₹2.5 trillion on monday