RBI Sprinkles ₹55,837 Crore into Banking System Fun

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RBI Sprinkles ₹55,837 Crore into Banking System Fun

On Tuesday, the Reserve Bank of India decided to sprinkle some cash into the banking system, injecting ₹55,837 crore through a three-day auction. This amount was a bit shy of the ₹1 trillion they originally planned, mainly because tax payments tightened things up. Still, there's a surplus of around ₹26,196 crore floating around, so it’s not all doom and gloom!

| Press Trust of India