With India’s system liquidity hitting a surplus of Rs 11.16 lakh crore, and inflation looming over the Reserve Bank of India’s target, the central bank’s money market operations are now in high focus. Following higher than forecasted inflows through its special schemes, the banking system mobilised $136.4 billion of foreign currency inflows, including $127.2 billion through the FCNR (B) window, $5.3 billion via the overseas foreign currency borrowings (OFCBs), and $3.9 billion through external commercial borrowings (ECBs).