 "RBI Governor Rajan says open to bond purchases; ready for Fed")
Don't want to miss the best from Business Standard?
Reserve Bank of India (RBI) Governor Raghuram Rajan said on Friday the central bank's policy was to supply markets with "plentiful" liquidity and said it could "perhaps" do more open market purchases of bonds, depending on long-term liquidity needs.
The comments, at a news briefing after the RBI's board meeting, come after the RBI this week bought Rs 10,000 crore ($1.50 billion) worth of debt, in its first purchase since October.
On the US Federal Reserve meeting next week, Rajan said the central bank also expected not more than a 25-basis-point hike in US interest rates, as signalled by market consensus, adding the RBI was ready for "any eventuality."
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app