RBI to Sell Bonds, Tightens Cash Rules to Drain Funds

India’s central bank stepped up its efforts to drain surplus banking liquidity, announcing a fresh bond sale and requiring lenders to keep more of their mandated cash buffers with it...

By Pratigya Vajpayee · Bloomberg Markets

India’s central bank stepped up its efforts to drain surplus banking liquidity, announcing a fresh bond sale and requiring lenders to keep more of their mandated cash buffers with it on a daily basis.