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RBI Takes Big Step After 9 Years: Why Did It Sell Rs 50,000 Crore Worth Of Bonds?

RBI Takes Big Step After 9 Years: Why Did It Sell Rs 50,000 Crore Worth Of Bonds?
Photo: Free Press Journal · view original

Mumbai: The Reserve Bank of India has taken its biggest liquidity-tightening step in years, selling government bonds worth Rs 50,000 crore through an open market operation. The auction on September 17 marked the first comparable net debt sale since November 2017. But why did the central bank act...

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