(Reuters) -- India's central bank announced on Monday a host of measures to inject liquidity into the banking system, including bond purchases and dollar/rupee swaps, which analysts and traders said could be a precursor to a rate cut next month.
The Reserve Bank of India's (RBI) measures, expected to collectively infuse 1.5 trillion rupees ($17.4 billion) into the banking system, come after months of a cash crunch in the banking system that had pushed up overnight and short-term lending rates.
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