New Student Offer Use Code - HELLO

Join Here

RBI sells Rs 34 Billion Indian Bonds as Index Inclusion Boosts Inflows

Published on July 25, 2024
Current Context: The Reserve Bank of India (RBI) recently sold ₹34 billion ($406 million) worth of bonds in the secondary market.
RBI sells Rs 34 Billion Indian Bonds as Index Inclusion Boosts Inflows
  • This move is likely aimed at absorbing excess cash in the banking system due to inflows into the nation’s debt after its inclusion in a global index.
  • The inclusion of India’s bonds in JPMorgan Chase & Co.’s flagship emerging market bond index has attracted foreign investments, resulting in increased local rupee liquidity and a boost to reserves.
  • India became the 25th market to be included in the index since its inception in June 2005, with expectations of global inflows of $20 billion to $25 billion into the Indian bond market.

Question:

1 What amount of bonds did the Reserve Bank of India (RBI) recently sell in the secondary market?

  • A) 24 billion
  • B) 34 billion
  • C) 44 billion
  • D) 54 billion
ebook store

About Me

Ramandeep Singh

Ramandeep Singh - Educator

I'm Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and over 5000 successful selections, I understand the path to success firsthand, having transitioned from Dena Bank and SBI. I'm passionate about helping you achieve your banking and insurance dreams.

  • Follow me:
Close Menu
Close Menu