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RBI Hikes Daily CRR to 99%: Why ₹3.88 Lakh Cr Cash Is Trapped

Starting October 16, 2026, the RBI forces banks to hold 99% of cash reserves daily. Here is why the central bank is trapping ₹3.88 lakh crore in liquidity, hiking overnight call rates, and squeezing day-to-day banking treasury profit margins.

RBI Drains ₹75,026 Crore via VRRR: Inside the Aggressive Liquidity Flush

As banking cash overhang plunges 55% from an ₹11.16 lakh crore record, the central bank unleashes overnight reverse repo auctions, bond sales, and currency swaps to anchor short-term interest rates.