MUMBAI: India's central bank governor, Raghuram Rajan, said on Wednesday he was comfortable with core inflation and highlighted the narrowing current account deficit in reassuring investors worried the country would be hit hard in a global market sell-off.
Most immediately, he pledged to move slowly if needed in winding down an oil window that provides dollars directly to state-run oil companies, while announcing a bond purchase of 80 billion rupees (US$1.26bil) on Monday to inject liquidity in markets.
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