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The Reserve Bank of India (RBI) announced measures to inject durable liquidity into the banking system, including a ?60,000-crore bond purchase and a $5-billion USD/rupee swap auction. These actions are expected to ease liquidity conditions and raise the probability of a repo rate cut in February, providing relief to the banking sector amidst high liquidity deficit concerns.
Mumbai: The Reserve Bank of India (RBI) Monday announced a host of measures to inject durable liquidity into the system, including a ?60,000-crore bond purchase, a 56-day variable repo rate auction of ?50,000 crore, and a $5-billion USD/rupee buy/sell swap auction for a six-month tenure.
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