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sanjay malhotra

1 article

RBI's $136B FX Inflows Yield Positive Carry — But Liquidity Drain Needed
Research & Analysis20d ago
RBI's $136B FX Inflows Yield Positive Carry — But Liquidity Drain Needed
Governor Malhotra argues foreign currency deposits will generate net interest income, not costs, but the RBI must drain ₹5 trillion to offset rupee liquidity surge.