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RBI’s latest dip in the pool of liquidity!

RBI’s latest dip in the pool of liquidity!

04 Jun 2021

MUMBAI: The Reserve Bank of India (RBI) will continue with quantitative easing by raising its government bond purchase programme in the fiscal second quarter to Rs. 1.2 lakh crore, prioritizing growth revival in an economy dogged by episodic mobility curbs and demand shrinkage. The central bank will aim to buy those bonds under a dedicated window, known as “Government Bond Acquisition Programme (GSAP)”. Besides, it will likely acquire more