RBI to sell $2.58 billion in bonds, tighten CRR maintenance
India’s central bank said it will sell 250 billion rupees of bonds and tighten daily maintenance of the cash reserve ratio to drain rupee liquidity.
India's central bank said on Friday it will step up open market bond sales and tighten daily maintenance of the cash reserve ratio as part of its effort to further drain rupee liquidity from the banking system. 58 billion) of bonds.