RBI injects Rs 1 lakh crore as liquidity tightens before festive season
Mumbai: For weeks, India’s central bank had its task-list full, draining excess liquidity after an overwhelming diaspora response to forex-inflow programs. Now, as the festive season slots into top gear, the Reserve Bank of India operationalised its first liquidity infusion program in three months after the overnight call rates shot past the policy benchmark. On…