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The Economic Times
The Economic Times
Business

RBI opts for sharp liquidity drain through $10.5 billion debt sale

India RBI Bonds Reserve Bank of India Oil

India's central bank on Friday announced an open market sale of bonds, one of ​the most potent liquidity-draining tools, hours after ​its chief said in a media interview that all options remained on the ​table.

The Reserve Bank of India (RBI) will sell bonds worth an aggregate of 1 trillion rupees ($10.47 billion) in the next fortnight starting on September 16.

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