Economics
India Takes Step Down QE Road With $14 Billion Bond-Buy Plan
- RBI yields to pressure to give traders guidance on purchases
- Benchmark interest rate kept unchanged, easing bias retained
A healthcare worker administers a rapid antigen test near the Gateway of India monument in Mumbai on March 31.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
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India’s central bank took a step toward formalizing quantitative easing, pledging to buy up to 1 trillion rupees ($14 billion) of bonds this quarter to keep borrowing costs low and support the economy’s recovery.