India to Drain US$10.5 Billion From Banks as Excess Cash Surges

India's Central Bank to Drain 1 Trillion Rupees Via Bond Sales

RBI opts for sharp liquidity drain through $10.5 billion debt sale

India's banking system is flush with surplus cash after lenders raised a much larger-than-expected $127 billion under the RBI's special forex mobilisation scheme

India to drain US$10.5 billion from banks as excess cash surges

It will conduct bond sales in three tranches Read more at The Business Times.

RBI announces OMO bond sales worth Rs 1 lakh crore to absorb excess liquidity

Digital Desk | Mumbai, Sep 11 (IANS) The Reserve Bank of India on Friday announced an open market sale of bonds maturing in fiscal 2029 to fiscal 2032 worth Rs 1 lakh crore, and the move aims to drain excess liquidity in the economy. The sale will be done in three tranches of Rs 50,000 crore, Rs 25,000 crore, and Rs 25,000 crore to be held on September 17, 2026, September 21, 2026, and September 28, 2026, respectively. It will be done through…