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Despite RBI's bazooka, Indian bond market still wants more

Nirmala Sitharaman India pandemic economy Government Coronavirus
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The Reserve Bank of India delivered an emergency rate cut and pledged $50 billion of liquidity infusion on Friday. Now traders want it to join other central banks in unleashing a massive-bond buying program.

Deutsche Bank AG and Barclays Plc are among those who see the RBI taking the next step of buying debt from the market, or the government, a measure the central bank last resorted to in the early 2000s.

Investors are counting on RBI support as fears grow that the government will add to its record borrowings to help fund a 1.7-trillion rupee ($22.6 billion) package countering the coronavirus pandemic.

More spending may be needed, Finance Minister Nirmala Sitharaman indicated when she announced the stimulus on Thursday. “An important

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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