1印度央行将提升卢比市场流动性India'scentralbankhassaidthatitwillinject80bnrupeesintothecountry'sbankingsystembybuyinglong-termgovernmentbonds.印度央行将向银行系统中注入800亿卢比用于购买长期政府公债。Itcomesjustdaysafterthecentralbanktightenedthemoneysupplyinanattempttostemtherupee'sdecline.Themoveisexpectedtomakemorecreditavailableandalsobringdownborrowingcostsforthegovernment.OnTuesday,thebondyieldorthecostofborrowingonIndia's10-yearbondstouched9.48%,thehighestsince2001.TheReserveBankofIndia(RBI)saidthatitwasimportanttoensurethattheliquiditytighteningdoesnothardenlongertermyieldssharplyandadverselyimpacttheflowofcredittotheproductivesectorsoftheeconomy.Thebanksaidthatitwillbuythebondsviaopenmarketpurchaseoperations(OMOs)on23August.'Unintendedconsequences'Indiahasbeengrapplingwithadecliningcurrency.TheIndianrupeehasfallennearly16%againsttheUSdollarsinceMayandisAsia'sworstperformingcurrencysofarthisyear.OnTuesday,itdroppedtoanall-timelowof64.13againsttheUSdollar,beforestrengtheningslightly.Thedeclinehaspromptedthecentralbanktotakestepstotrytoprop-upthecurrency.Recentlyitincreasedtheinterestrateatwhichitlendsmoneytootherbanksandalsoputacapontheirdailyborrowings.Whilethemeasureshadlittleimpactinstemmingtherupee'sdecline,theydidtriggerconcernsthatatightenedcreditsupplymayhurtIndia'sgrowth-whichhasfallentoitslowestlevelinadecade-evenfurther.Analystssaidthatthecentralbank'smovewouldnotonlyhelpallayfearsoverliquiditybutwillalsohelptherupee.2RBIistryingtoensurethattheunintendedconsequencesoftheirliquiditytighteningstepsthatledtoaspikeinlong-endbondyieldsarecorrected,saidAshishParthasarthy,atreasureratHDFCBank.Thesemeasureswillbringdown10-yearbondyieldsharplyandwillalsoreducebanks'depreciation(折旧,贬值)lossessignificantly.NSVenkateshofIDBIBankaddedthatthestepswillhelptherupeepositivelyasforeigninvestorsarelikelytobeattractedbacktotheIndiandebtmarketontheexpectationoffallingyields.