04-April-2025
Economy News
 
RBI cash injections help wipe out worst-ever India cash crunch
02-Apr-2025

Indian banking liquidity turned to surplus for the first time in more than three months as aggressive fund injections by the central bank helped erase one of the worst-ever cash crunches in the financial system. The surplus, measured through banks deploying excess funds with the Reserve Bank of India, was at 717 billion rupees ($8.4 billion) as of March 29, the first such reading since Dec. 15, according to the latest central bank data. The value increased further to 894 billion rupees on March 30.

News Source:- https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-cash-injections-help-wipe-out-record-india-cash-crunch/articleshow/119861076.cms