India pumps in liquidity; bonds see profit-taking after initial rally

The Reserve Bank of India (RBI) said on Monday it would pump 360 billion Indian rupees ($4.95 billion) into money markets in October, pledging to buy back government bonds as part of a bid to quell fears of a credit crunch cascading through the economy.

from Reuters: Top News https://ift.tt/2Nd5P9Z
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