RBI Soaks Up ₹1.41 Trillion with Fun Money Auctions

On Monday, the Reserve Bank of India decided to play a little game of cash catch, soaking up a whopping ₹1.41 trillion from banks through its special auction magic. They waved a ₹2.5 trillion invitation and snagged ₹91,980 crore at a cool 5.24% rate. And guess what? Another auction is on the way starting Tuesday with ₹1.75 trillion up for grabs!