{
  "id": 7512445,
  "title": "RBI Drains ₹3.93 Lakh Crore, Here's What Surplus Cash Means For Loans And Deposits",
  "url": "https://urgent.news/2026/09/15/rbi-drains-3-93-lakh-crore-heres-what-surplus-cash-means-for-loans",
  "topic": "world",
  "section": "World",
  "published": "2026-09-15T08:07:10.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/rbi-drains-393-lakh-crore-heres-what-surplus-cash-means-for-loans-and-deposits"
  },
  "original_language": "en",
  "account": null,
  "summary": "Mumbai: The Reserve Bank of India (RBI) absorbed Rs 3.93 lakh crore from the banking system through a variable rate reverse repo (VRRR) auction, as surplus liquidity remained high. The central bank received bids worth Rs 3,93,352 crore against the notified amount of Rs 5 lakh crore. It accepted all bids at a cut-off and weighted average rate of 5.24 percent. Why RBI Is Draining Funds? Banking…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}