Reserve Bank of India to inject $35 billion into the economy, boost credit growth by 2%

The Reserve Bank of India said Monday it will unlock up to 3 trillion rupees—that’s $35. 24 billion—from the banking system by loosening rules on liquidity coverage. This change will let banks lend more money and possibly push credit growth up by as much as 2 percentage points, while also giving Indian banks more breathing room […] source: https://www.cryptopolitan.com/reserve-bank-of-india-35b-into-the-economy/