RBI may need to buy $18 billion of bonds to add cash, says ICICI Bank

The Reserve Bank of India may cut the cash reserve ratio by half a point in the fiscal second half and start buying bonds in the December quarter to keep banking liquidity at current levels, B. Prasanna, group head for global markets sales, trading and research at ICICI Bank Ltd, the nation’s second-largest private lender by market value, said in an interview Monday.

from Moneycontrol Economy News https://www.moneycontrol.com/news/economy/rbi-may-need-to-buy-3618-billionbonds-to-add-cash-says-icici-bank_17028081.html
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