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RBI Liquidity Snapshot Shows Banks’ Cash Balances At ₹7.56 Trillion
India’s central bank reported that banks held cash balances of ₹7.56 trillion on April 7, while the government’s surplus cash balance with the RBI for auction stood at nil. The RBI also noted refinance operations worth ₹103.16 billion and marginal standing facility borrowings of ₹7.28 billion.
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