On October 7, the RBI’s Monetary Policy Committee voted unanimously to raise the repo rate by 25 basis points to 5.50% — the first increase since February 2023 — and shifted its stance from neut...
India’s banking system is sitting on the largest cash surplus in its recorded history — roughly ₹11 lakh crore, or $115 billion, in excess rupee liquidity — and the RBI began actively draining i...
