RBI offers on-tap TLTRO worth Rs 1 lakh crore, OMOs for state bonds to keep lid on yields

Improving liquidity through TLTRO/OMOApprox Read Time: 6 min In News: While keeping the key policy rates unchanged, the RBI has announced various measures to bring more liquidity in the financial markets, keep bond yields under control, and improve availability of debt to specific sectors. Improving liquidity through TLTRO/OMO Measures announced: On-tap TLTRO to improve liquidity:The RBI has introduced on-tap targeted long-term repo operations (TLTRO) of Rs 1 lakh crore for providing additional…

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Economic Updates: Centre to borrow 54% more than estimate, fiscal deficit may hit 5.5%

Centre to borrow 54% more than estimateApprox Read Time: 7 minutes In News: The Indian government has raised its gross borrowing programme for the current financial year sharply as it seeks more funds to deal with the economic fallout of Covid-19. The estimated gross market borrowing in the financial year 2020-21 will be Rs 12 lakh crore in place of Rs 7.80 lakh crore as per BE 2020-21 (Budget Estimates).…

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