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RBI liquidity operations not meant to manage bond prices: Viral Acharya

The central bank kept its main repo rate at 6.00 percent for a third straight policy meeting and retained its "neutral" stance

Reuters  |  Mumbai/New Delhi 

The objective of the liquidity operations conducted by the Reserve Bank of India (RBI) are not to manage the price of bonds, but to drive its monetary policy goals, Deputy Governor Viral Acharya, said on Wednesday after the central bank's monetary policy meeting, damping expectations of bond purchases by the central bank. The central bank kept its main repo rate at 6.00 percent for a third straight policy meeting and retained its "neutral" stance, seeking to support economic growth even as inflation has accelerated to a 17-month high. "Except in rare, ...

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First Published: Wed, February 07 2018. 16:16 IST