India’s $133-billion cash deluge puts RBI on hawkish path
In an effort to prevent excess liquidity from adding to price pressures, the RBI has drained more than 1 trillion rupees ($10.4 billion) through bond sales and other measures; market players expect it to announce further action
The News Flicker
In an effort to prevent excess liquidity from adding to price pressures, the RBI has drained more than 1 trillion rupees ($10.4 billion) through bond sales and other measures; market players expect it to announce further action
Just months ago, the RBI pulled out all the stops to draw in dollars to bolster its foreign-exchange reserves and defend the rupee. The stronger-than-expected deluge of cash is now adding to the case…
Originally published by Bloomberg. Read the full article →
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