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Reserve Bank signals policy shift
Mint New Delhi
|June 25, 2025
India's central bank announced a plan to withdraw excess short-term cash from the banking system, signaling a shift in its stance after months of fund infusions that helped lower borrowing costs.
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The Reserve Bank of India (RBI) aims to take out ₹1 trillion ($11.6 billion) from the banking system via a seven-day variable rate reverse repurchase auction on 27 June, it said in a statement on Tuesday. This marks the first time since November that the RBI is using thi
This story is from the June 25, 2025 edition of Mint New Delhi.
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