Mumbai: The Reserve Bank of India on Wednesday announced a road map to reduce some of the Rs 9-lakh-crore-plus surplus liquidity which it had infused last year to alleviate the economic impact of the pandemic.
The policy, which kept all key rates unchanged, was seen as dovish as the RBI has chosen to tip-toe towards its objective of policy normalisation (reducing liquidity in the system) without disrupting financial markets.
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