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Oct 26, 2016
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RBI may go bond shopping ahead of festive season
The Reserve Bank of India may have to buy more bonds in the next few weeks as the surplus in the system has turned into deficit ahead of the festival season with banks borrowing from the central bank to improve their liquidity position. As this has the potential to slow the trickle down of RBI's rate cuts, traders expect Rs 50,000 crore of bond purchases by next March.
Source -
http://economictimes.indiatimes.com
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