The build-up to RBI’s ‘bazooka’
Minutes of RBI’s Monetary Policy Committee meeting highlight that members were divided on the space for future rate cuts.
open market operations
April 2020
February 2020
January 2020
India’s forex kitty could swell to $550 billion
Since April 2001 foreign exchange reserves grew 11.15 times to $476.09 billion in mid-February; the RBI may add $21 billion more by March 2021, according to a BofA Securities report.
RBI announces second round of Operation Twist
The central bank announced a second special open market operation for ₹10,000 crore on December 30. The RBI will simultaneously buy and sell government bonds to lower long-term bond yields.
