RBI's Auction Bash: Soaking Up ₹2 Trillion Like a Boss

Finance

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RBI's Auction Bash: Soaking Up ₹2 Trillion Like a Boss

Hey, guess what? The RBI is hosting a super cool auction on Monday! They’re looking to soak up a whopping ₹2 trillion from the banking scene. That’s like a cash sponge party! Last I checked, there was a surplus of ₹3.61 trillion just hanging out. And the call rate? It’s chillin’ at 5.09 percent. Not too shabby, right?