RBI to inject â¹36,000 crore into system in October
The Reserve Bank of India (RBI) on Monday said it would inject â¹36,000 crore liquidity into the system through purchase of government bonds in October amid fears of a potential credit crunch. The central bank's move comes after the government announced on Friday that it will cut gross borrowings by â¹70,000 crore in the second half of the current fiscal.