India Bond Buyback Signals RBI's Cash Easing Stance, Citi Says [Yahoo! Finance]
Citigroup, Inc. (C)
Last citigroup, inc. earnings: 4/15 08:00 am
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Source: Yahoo! Finance
Most Read from Bloomberg Truce Talks Drag as Hamas Hits Israel Crossing in Deadly Attack France's Macron Calls for Reset of Economic Ties With China Buffett Praises Apple After Trimming It, Drops Paramount Stake Treasury Rally Risks Running Into a $125 Billion Brick Wall Xi Begins Europe Tour in Paris as Macron Seeks to Reset Ties India's unexpected move to buy back bonds signals the central bank is getting proactive in easing liquidity and may switch to a neutral interest-rate stance in its June policy, according to Citigroup Inc. The Reserve Bank of India on Friday said it would buy back 400 billion rupees ($4.8 billion) of bonds — all maturing in the current fiscal year ending March — on May 9. The announcement, indicating a shift from the RBI's earlier strategy of keeping liquidity tight, comes as a surprise as cash conditions slightly improved in April. It “is a clear signal that the RBI has moved away from the approach of keeping the overnight rates closer to th
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C
Earnings
- 4/12/24 - Beat
C
Sec Filings
- 5/17/24 - Form 424B2
- 5/17/24 - Form 424B2
- 5/17/24 - Form 424B2
- C's page on the SEC website