The Reserve Bank of India is injecting Rs 2.90 lakh crore into the banking system. This will be done through bond purchases and a dollar-rupee swap. These measures aim to ease tight cash conditions. Short-term rates have risen above the central bank’s target. The RBI’s intervention is expected to stabilize yields and improve market sentiment.
Chicago Fed President Goolsbee rejects calls for Fed rate cuts to ease US debt burden
Chicago Fed President Austan Goolsbee rejected calls for interest-rate cuts to ease the US government’s debt burden, warning that such a move could fuel inflation