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Reuters

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Business & Economics

Indian central bank hikes overnight fund infusion post heavy FX intervention

Reuters
Summary
Nutrition label

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.

VR Score

92

Informative language

98

Neutral language

67

Article tone

formal

Language

English

Language complexity

54

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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