India's Central Bank Infuses $10 Billion to Alleviate Cash Shortage

Reported about 16 hours ago

India's central bank has injected $10 billion into the banking system through a currency swap auction as part of efforts to address a severe liquidity deficit. This action brings total liquidity support to around $47 billion in the past month amidst tight domestic money markets and ongoing economic challenges exacerbated by global factors and the need to stabilize the rupee.

Source: YAHOO

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