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Negative real interest rate for savers behind RBI's govt bond buying plan

Central bank acknowledges further interest cuts unlikely as a recent rollback of small savings rate cut showed.

Topics
RBI monetary policy | India bond price | Securities

Manojit Saha  |  Mumbai 



RBI, bonds, OMO

The announcement of government acquisition programme (G-SAP) by the Reserve Bank of India (RBI) during Wednesday’s monetary policy announcement is akin to the quantitative easing (QE) by the central banks of developed countries.

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First Published: Thu, April 08 2021. 11:55 IST

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