Fixed Income And Currency Market

23 Mar 2020

RBI Commences QE, but Government Finances Worry Remains

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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.

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Arjun Parthasarathy
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