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The central bank bought authorities papers value practically 112 billion rupees by way of the public sale on Friday. Some market gamers count on the RBI to announce one other spherical of open market bond purchases this week as liquidity deficit remains to be above the central financial institution’s stated consolation zone. Sharp rupee depreciation final week, which prompted the central financial institution to intervene within the foreign exchange market intermittently to arrest rupee’s fall has also squeezed systemic liquidity. Moreover, corporations and banks … Read More