Missed targets: The RBI has been conducting a Fed-style “Operation Twist” programme since December, where the bank buys long-term debt while selling shorter-maturity securities. However, it may not be enough. — Bloomberg
THE troubles keep piling up for India, feted not long ago as a would-be commercial superpower.
Economic data shows that the country is in far worse shape than previously thought, while it has overtaken Mexico to become the world’s third-largest tally of coronavirus cases.
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