India's Central Bank Hikes Funds
This is a India news story, published by Yahoo Finance, that relates primarily to The Reserve Bank of India news.
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rupee liquidityReuters
•Business
Business & Economics
Indian central bank hikes overnight fund infusion post heavy FX intervention

81% Informative
India 's central bank hiked the amount of funds it intended to inject into the banking system through an overnight infusion on Wednesday .
The Reserve Bank of India had offered to pour in 2.50 trillion rupees ( $28.85 billion ) The central bank's constant intervention in the foreign exchange market has squeezed rupee liquidity.
Tightness in the system will make last week's rate cut ineffective.
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