India's central bank, the Reserve Bank of India (RBI), is set to ramp up the liquidity in the nation's banking system through the infusion of $16 billion by next week amid the large tax outflows ...

The RBI will conduct the buy/sell swap on February 28, it said in a release. The first leg of the transaction would be settled on March 4 and could infuse around 870 billion rupees ($10 billion ...