![RBI sells Rs 34 Billion Indian Bonds as Index Inclusion Boosts Inflows RBI sells Rs 34 Billion Indian Bonds as Index Inclusion Boosts Inflows](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEieM1xEDRLGfInJZiQNsxin_joaNtKAA-Xo4SSRzCE7SAjUwcl1XWRD4IbsESeR4KzveVPywXjU3_9CA4Z3-Rfb8w9OBgEuQN7bHqOrMPBF9pNPQg9bopss0JYyqzje8OHFUKi3I3E9MGE3VhSOERPULplcXSOeCPyexB-pO_JH73AWu4KxPJoJY7urm663/w320-h192-rw/Copy%20of%20Copy%20of%20Copy%20of%20Copy%20of%20Copy%20of%20Untitled%20(500%20%C3%97%20300%20px)%20(500%20%C3%97%20280%20px)%20(500%20x%20300%20px)%20(66).png)
- 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