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India pumps in liquidity to ease cash crunch; bond markets rally

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The Reserve Bank of India (RBI) said on Monday it would pump 360 billion Indian rupees ($4.95 billion) into money markets in October in its latest attempt to stem fears of a cascading credit crunch, pledging to buy back bonds after the government dramatically reduced its own borrowing by 700 billion rupees on Friday.

http://feeds.feedburner.com/~ff/reuters/INtopNews?d=yIl2AUoC8zA from Reuters: Top News https://in.reuters.com/article/india-markets-cenbank/india-pumps-in-liquidity-to-ease-cash-crunch-bond-markets-rally-idINKCN1MB1C9?feedType=RSS&feedName=topNews
via reuters.com content & copyrights by Reuters

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