RBI set to resume bond buys to boost cash, analysts say

The Reserve Bank of India will probably resume bond purchases early next year as signs of liquidity strain emerge among lenders, analysts said.The central bank may buy around ₹1 lakh crore ($11.3 billion) of government debt in the January-March quarter, according to Aditya Birla Sun Life AMC Ltd. ICICI Securities Primary Dealership said the RBI could provide ₹1.5 lakh crore of cash through a combination of debt purchases and foreign exchange swaps. Lenders are starting to see a shortage of cash after the RB ...