Why did RBI sell Rs 8,710 cr worth of government securities from secondary market?
The Reserve Bank of India (RBI) has sold Rs 8,710 crore worth of government securities in the secondary market in just four weeks to drain excess liquidity. The move will likely end unwarranted volatility in interest rates, helping North block borrow cheaply despite increasing likelihood of the rate cycle turning. Between November 10 and December … Read more
