India takes step down QE road with $14 billion bond-buy plan
India takes step down QE road with $14 billion bond-buy plan SECTIONS Last Updated: Apr 07, 2021, 04:32 PM IST Share Synopsis The debt purchases under the program in the secondary market will start from April 15, Reserve Bank of India Governor Shaktikanta Das said Wednesday. Agencies Related By Anirban Nag and Subhadip Sircar India’s central bank took a step toward formalizing quantitative easing, pledging to buy up to 1 trillion rupees ($14 billion) of bonds this quarter to keep borrowing costs low and support the economy’s recovery. The debt purchases under the program in the secondary ...
Source: indiatimes.com