UPDATE 1-India pumps in liquidity; bonds see profit-taking after initial rally
30 Sep UPDATE 1-India pumps in liquidity; bonds see profit-taking after initial rally
Posted at 12:27h
in
News
by KMFSLLP
The Indian central bank 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.
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