India's central bank (RBI) just announced on Dec 23 that they're pumping a HUGE amount of extra cash – about $32 billion (that's like ₹2.9 lakh crore!) – into our banking system over the next month.
How?
.They're buying government bonds worth around $22 billion.
.Plus a special dollar-rupee swap for $10 billion.
Why? Banks were running a bit short on cash lately (due to taxes, holidays, and RBI protecting the rupee). This fresh money will make things easier – more cash means banks can lend more smoothly, borrowing costs might stay low, and it helps the economy keep growing without stress.
Bonus: This comes right after the US Federal Reserve stopped shrinking their money supply (on Dec 1). Globally, big central banks are easing up a bit, which is good news for markets – stocks, bonds, and even crypto folks are excited as more liquidity often pushes asset prices up!
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