RBI announces ₹1 lakh crore bond purchase and $10 billion swap
pre-market1 source ↓written by the desknot a recommendation
- bond purchase plan
- ₹1 lakh crore
- dollar-rupee swap
- $10 billion
- each
- ₹50,000 crore
- each
- 29 Jan
- 5 Feb
The Reserve Bank of India (RBI) unveiled a ₹1 lakh crore bond purchase plan and a $10 billion dollar-rupee swap to enhance liquidity. The bond purchases will occur in two tranches of ₹50,000 crore each on 29 Jan and 5 Feb. This move aims to bolster the banking system's funds and ensure smooth financial operations.
Not investment advice. For informational purposes only.