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RBI cuts India's cash deficit by over half, plans more liquidity to stabilize economy.
The Reserve Bank of India (RBI) has reduced the country's cash deficit by over half through aggressive liquidity injections, addressing faltering economic growth.
By February 4, the deficit liquidity fell from 2.2 trillion rupees to 660.4 billion rupees ($7.6 billion).
The RBI plans further infusions totaling $18 billion, aiming to stabilize the rupee and manage tax outflows.
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RBI recorta el déficit de caja de la India en más de la mitad, planea más liquidez para estabilizar la economía.