The RBI on October 21 injected the largest amount of funds into the banking system in three and a half years, indicating that surplus cash with banks is drying up at an accelerated pace. Walmart Inc-backed Flipkart is considering raising $2 billion to $3 billion at a valuation of more than $40 billion to expand its product range in India and challenge rivals. Read more on these in our morning brief of top headlines.
RBI's liquidity infusion largest since April 2019 as surplus cash dries up
The Reserve Bank of India (RBI) on October 21 injected the largest amount of