Reserve Bank of India moves to inject over $23 billion into banking system

The Reserve Bank of India is injecting over 23 billion dollars into the banking system. This move aims to ease funding conditions. The central bank will use three key instruments. These include open market purchases of government bonds. A dollar-rupee buy/sell foreign exchange swap is also planned. Additionally, a variable rate repo auction will be conducted.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/enKDW0V
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