RBI's Rs 2.9L crore liquidity push likely to soften bond yields
The Reserve Bank of India is injecting nearly Rs 2.9 lakh crore into the banking system to ease liquidity shortages and stabilize bond yields. This includes Rs 2 lakh crore in government bond purchases and a $10 billion dollar-rupee swap. These measures follow recent liquidity drains from tax payments and foreign exchange operations.
The Reserve Bank of India is injecting nearly Rs 2.9 lakh crore into the banking system to ease liquidity shortages and stabilize bond yields. This includes Rs 2 lakh crore in government bond purchases and a $10 billion dollar-rupee swap. These measures follow recent liquidity drains from tax payments and foreign exchange operations.
