Dollar deluge from FCNR push to test RBI's liquidity drain toolkit
https://www.livemint.com/market/dollar-deluge-fcnr-liquidity-rbi-mesures-foreign-reserves-market-rupee-11788517231526.html
RBI’s dollar mobilization drive has far exceeded expectations, drawing $136.4 billion. But the inflows have also sloshed the banking system with liquidity, leaving the central bank with a problem of plenty, and no easy way to drain it without other costs.
September 5, 2026 10
