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India's RBI to deliver up to $16 billion liquidity boost for bond markets
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The Reserve Bank of India (RBI) has lowered its key interest rate by 25 basis points to 5.25% and announced measures to inject up to $16 billion into the banking system through debt purchases and a foreign exchange swap. The RBI aims to support growth and bond market sentiment, with open-market operations and FX swaps scheduled for December. This marks the first OMO auction since May, reflecting RBI's awareness of G-sec yields and FX risks.
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