Economic TimesLean R·
RBI opts for sharp liquidity drain through $10.5 billion debt sale
The Reserve Bank of India is set to issue bonds valued at one trillion rupees to help manage surplus liquidity in the banking sector. This strategic move comes in response to increasing inflationary pressures driven by high oil prices, with the central bank indicating that all liquidity management strategies are still in play. This decision follows a disappointing reception to earlier liquidity absorption measures.
Read at Economic Times →
