India pumps in liquidity to ease cash crunch; bond markets rally

The Reserve Bank of India (RBI) said on Monday it would pump 360 billion Indian rupees ($4.95 billion) into money markets in October in its latest attempt to stem fears of a cascading credit crunch, pledging to buy back bonds after the government dramatically reduced its own borrowing by 700 billion rupees on Friday.

from Reuters: Top News https://ift.tt/2NQuRkq