RBI's Auction Party: Banks Bid Big, Cash Flows Like Pizza

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RBI's Auction Party: Banks Bid Big, Cash Flows Like Pizza

Hey there! So, the Reserve Bank of India had a big auction party on Friday, right? Banks were throwing in bids like they were at a pizza contest, hitting Rs 2.28 trillion for a Rs 2 trillion deal! They had cash flowing like a fountain, with a liquidity surplus of Rs 4.09 trillion. The call rate? Just a tad spicy at 5.11 percent. How you doin'?!