RBI poised to inject Rs 4 trillion to safeguard economy amid global uncertainty

The Reserve Bank of India (RBI) is expected to extend its record cash infusions into the banking system in order to shield the economy from mounting global headwinds, a Bloomberg report stated citing analysts. The central bank is expected to inject as much as Rs 4 trillion ($47 billion) through bond purchases and foreign-exchange swaps in the current fiscal year, IDFC First Bank said.

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