India’s RBI to Inject Up to $10.53 Billion Through Seven-Day Repo
The Reserve Bank of India will conduct a seven-day variable-rate repo operation on Monday, offering up to 1 trillion rupees ($10.53 billion) in liquidity.
The Indian central bank will conduct a seven-day variable rate repo operation to infuse liquidity on Monday, the Reserve Bank of India said.The RBI will infuse up to 1 trillion rupees ($10.53 billion) through the operation, which traders said must be to help lenders tide over tax outflows amid tigh…