Rbi Announces Rs 1 Lakh Crore Bond Purchases 10 Billion Swap To Address Liquidity Deficit

business rbi announces rs 1 lakh crore bond purchases 10 billion swap to address liquidity deficit

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The Reserve Bank of India announced measures to inject 1 lakh crore into the banking system and conduct a dollar/rupee swap auction of $10 billion. These steps aim to address the liquidity deficit and ensure the smooth transmission of lower policy rates amid expected tax outflows.

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