# RBI may need to drain up to $22 billion as inflows add to excess liquidity| Business News

> The RBI may need to drain up to $22 billion from the financial system as foreign inflows swell excess liquidity. Average daily liquidity has reached about 3 trillion rupees, well above the central bank's target of about 1 trillion. Foreign inflows have pushed the rupee up nearly 7% against the dollar this year.

- Date: 2017-08-10 · published 2017-08-10T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/69739-rbi-may-need-to-drain-up-to-22-billion-as-inflows-add-to-excess-liquidity
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Heavy RBI debt sales to absorb liquidity affect Indian rates and currency conditions. This is a macro financial story with little direct effect on feed commodity prices.

## Read by commodity

- USDINR: neutral

## Sources

- hindustantimes.com: https://www.hindustantimes.com/business-news/rbi-may-need-to-drain-up-to-22-billion-as-inflows-add-to-excess-liquidity/story-r5fMIPbn5E9BubidE3HgAM.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.