RBI plans more foreign exchange swaps, steps to inject cash
Updated : May 07, 2019 01:18 PM IST
The central bank also plans to conduct open market operations of up to 500 billion rupees over the next two months, one of the officials said, expanding a quantitative easing programme to spur the slowing economy.
These latest moves are expected to increase cash in the financial system and help push interest rates down, potentially helping borrowers where an interest rate cut has not.
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