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“RBI Shift A Twist In An Indian Way”

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In an effort to infuse liquidity, the RBI is aiming to buy back bonds worth Rs 6000 crore. Samiran Chakraborty Of Standard Chartered Bank states that the central bank’s shift on liquidity is not a reversal of stance, but indicative of the fact that the tightening phase will not be continued any further. He calls this move of the RBI a “twist in an Indian way”, one in which it wants the long end to come down and short end to stay elevated, hereby inverting the curve even further.