RBI has more room to buy bonds as Indian banks make money – Bloomberg
Photographer: Kanishka Sonthali / Bloomberg Photographer: Kanishka Sonthali / Bloomberg Indian banks are returning the money they borrowed from the central bank earlier this year, boosting the monetary authority’s ability to make more direct purchases of government bonds. The Reserve Bank of India announced Thursday that it will buy 100 billion rupees ($ 1.4 billion) […]
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