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Fixed Income And Currency Market
23 Mar 2020
RBI Commences QE, but Government Finances Worry Remains
RBI, in line with Fed, ECB, BOE, BOJ and other global central banks has commenced bond-buying through OMO purchase auctions to infuse liquidity into the system and also to try and keep surging costs of corporate borrowing down with lower government bond yields. RBI conducted Rs 100 billion OMO purchase auction last week and will be conducting Rs 300 billion of OMO auctions next week.
Arjun Parthasarathy
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