India’s central bank signals support to budget to aid growth ...Qatar

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India’s central bank kept interest rates on hold yesterday and began withdrawing some pandemic-era policies, while reiterating its intent to keep its stance accommodative to support economic growth. The Reserve Bank of India emphasised it was seeking to ensure ample liquidity to manage the government’s near-record borrowing and keep rates lower for longer. It also committed to opening up room for more targeted market operations to ensure financial stability, but bonds sold off as the measures fell short of expectations and lacked details. “The RBI is gradually withdrawing crisis-time policies,” said Teresa John, an economist at Nirmal Bang Equities Pvt in Mumbai. “But accommodative policy i

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Last updated : 05 February 2021 clock 10:01 PM

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India’s central bank signals support to budget to aid growth ...Qatar

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