💨 Abstract

The Reserve Bank of India (RBI) announced measures on Monday to inject 1.5 trillion rupees into India's banking system, aiming to address a cash crunch and potentially paving the way for a rate cut next month. The RBI plans to buy government bonds and conduct dollar/rupee swaps, among other steps. Analysts say these actions signal increased confidence in managing inflation, with a rate cut likely.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖