RBI Takes Big Step After 9 Years: Why Did It Sell Rs 50,000 Crore Worth Of Bonds?
Mumbai: The Reserve Bank of India has taken its biggest liquidity-tightening step in years, selling government bonds worth Rs 50,000 crore through an open market operation. The auction on September 17 marked the first comparable net debt sale since November 2017. But why did the central bank act now, and what does it mean for borrowers, depositors and financial markets? Why Did RBI Sell Bonds?…
We haven't written up this one. Free Press Journal has the full story — the link below goes straight to it.
