Rs 60,000 cr bond purchase among RBI’s measures to boost liquidity into system

The Reserve Bank of India (RBI) Monday announced a host of measures to inject durable liquidity into the system, including a Rs 60,000-crore bond purchase, a 56-day variable repo rate auction of Rs 50,000 crore, and a $5-billion USD/rupee buy/sell swap auction for a six-month tenure. Economists…