RBI takes steps to ease liquidity, to buy Rs.8000 crore bonds:
Worried over interest rates rising following its steps to support
falling rupee, the RBI Tuesday announced slew of measures to ease
liquidity, including Rs.8000 croe bond buyback, to ensure adequate credit flow to the productive sectors of the economy.
The measures are aimed at easing liquidity conditions in the market which has worsened after the Reserve Bank of India's money tightening steps, including raising short-term rates, to curb volatility in the exchange rate of rupee.
The Reserve Bank will conduct open market purchase of government bonds of Rs.8000 crore on August 23 to inject liquidity, the central bank said in a statement.
Gauri Kesarwani.
PGDM Ist-sem.
The measures are aimed at easing liquidity conditions in the market which has worsened after the Reserve Bank of India's money tightening steps, including raising short-term rates, to curb volatility in the exchange rate of rupee.
The Reserve Bank will conduct open market purchase of government bonds of Rs.8000 crore on August 23 to inject liquidity, the central bank said in a statement.
Gauri Kesarwani.
PGDM Ist-sem.
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