Dollar deluge from FCNR push to test RBI's liquidity drain toolkit

Mint has reported a new India-focused economy development: “Dollar deluge from FCNR push to test RBI's liquidity drain toolkit.” The publisher's feed describes the story as follows: RBI’s dollar mobilization drive has far exceeded expectations, drawing $136.4 billion. But the inflows have also sloshed the banking system with liquidity, leaving the central bank with a problem of plenty, and no easy way to drain it without other costs. Intellectual Janata Party includes this item for public-affa
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