RBI Expected to Increase Bond Sales
Traders expect the Reserve Bank of India to increase bond sales to drain excess liquidity following its first auction in nine years. The central bank aims to strengthen monetary policy transmission ahead of anticipated rate hikes.
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India's central bank absorbed 500 billion rupees ($5.21B) in an open market debt sale on September 17 afternoon, marking its first net bond sale since November 2017. The move aims to drain excess banking-system liquidity ahead of anticipated rate hikes.
