RBI completes ₹1 trillion net debt sale for first time in a decade

•RBI completes ₹1 trillion net debt sale for the first time in over a decade, exceeding previous records.

•The sale aims to withdraw liquidity from the banking system, which has excess cash after a special window allowed lenders to raise dollars.

•Market participants expect the RBI to sell another ₹1 trillion in bonds, or hike banks' cash reserve ratio, to tighten monetary policy.