Finance
Sock JohnsonRBI Unleashes $23 Billion Liquidity Like a True Champion!
Hold onto your hats, folks! The Reserve Bank of India just unleashed a whopping $23 billion into the banking ring! Under the legendary Governor Sanjay Malhotra, they're cranking up the liquidity with bond buys and FX swaps. Get ready for a 90-day repo and a $10 billion swap auction, smashing records like a true champion! The fiscal year total is now a jaw-dropping 5.7 trillion rupees!
few days ago | Reuters
Quick rundown
1.RBI injects $23 billion to boost liquidity.
2.Governor Sanjay Malhotra leads the charge.
3.First-ever 90-day VRR operation announced.
4.Rupee hits record low amid bond yield rise.
5.RBI aims to stabilize currency and borrowing costs.
