RBI Has Enough Tools to Mop Liquidity Surge, Malhotra Says
India’s central bank has enough tools to absorb a record surge in banking-system liquidity following its massive foreign-currency deposit drive, Governor Sanjay Malhotra said Friday, as policymakers seek to prevent the cash glut from pushing borrowing costs lower and fueling inflation.

<p>India’s central bank has enough tools to absorb a record surge in banking-system liquidity following its massive foreign-currency deposit drive, Governor Sanjay Malhotra said Friday, as policymakers seek to prevent the cash glut from pushing borrowing costs lower and fueling inflation.</p>