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RBI bond purchases: RBI doubles bond purchases to Rs 40,000 crore

Mumbai: The Reserve Bank of India has doubled its bond purchases from the market to ₹40,000 crore from the earlier notified amount of ₹20,000 crore on February 13, after assessing current and evolving liquidity conditions.

The liquidity deficit in the banking system stood at ₹1.32 lakh…

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