印度央行将提升卢比市场流动性

时间：2013-08-21 08:59:01

（单词翻译:单击）

India's central bank has said that it will inject 80bn rupees into the country's banking1 system by buying long-term government bonds.

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。
 
It comes just days after the central bank tightened2 the money supply in an attempt to stem the rupee's decline. 
 
The move is expected to make more credit available and also bring down borrowing costs for the government.
 
On Tuesday, the bond yield or the cost of borrowing on India's 10-year bonds touched 9.48%, the highest since 2001.
 
The Reserve Bank of India (RBI) said that it was "important to ensure that the liquidity3 tightening4 does not harden longer term yields sharply and adversely5 impact the flow of credit to the productive sectors6 of the economy".
 
The bank said that it will buy the bonds via open market purchase operations (OMOs) on 23 August.
 
'Unintended consequences'
 
India has been grappling with a declining currency. The Indian rupee has fallen nearly 16% against the US dollar since May and is Asia's worst performing currency so far this year.
 
On Tuesday, it dropped to an all-time low of 64.13 against the US dollar, before strengthening slightly. 
 
The decline has prompted the central bank to take steps to try to prop-up the currency.
 
Recently it increased the interest rate at which it lends money to other banks and also put a cap on their daily borrowings.
 
While the measures had little impact in stemming the rupee's decline, they did trigger concerns that a tightened credit supply may hurt India's growth - which has fallen to its lowest level in a decade - even further.
 
Analysts7 said that the central bank's move would not only help allay8 fears over liquidity but will also help the rupee.
 
"RBI is trying to ensure that the unintended consequences of their liquidity tightening steps that led to a spike9 in long-end bond yields are corrected," said Ashish Parthasarthy, a treasurer10 at HDFC Bank. 
 
"These measures will bring down 10-year bond yield sharply and will also reduce banks' depreciation11（折旧，贬值） losses significantly."
 
NS Venkatesh of IDBI Bank added that the steps "will help the rupee positively12" as foreign investors13 are likely to be attracted back to the Indian debt market on the expectation of falling yields.

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点击收听单词发音收听单词发音  

1 banking aySz20     
n.银行业，银行学，金融业
参考例句：
  • John is launching his son on a career in banking.约翰打算让儿子在银行界谋一个新职位。
  • He possesses an extensive knowledge of banking.他具有广博的银行业务知识。
2 tightened bd3d8363419d9ff838bae0ba51722ee9     
收紧( tighten的过去式和过去分词 )； （使）变紧； （使）绷紧； 加紧
参考例句：
  • The rope holding the boat suddenly tightened and broke. 系船的绳子突然绷断了。
  • His index finger tightened on the trigger but then relaxed again. 他的食指扣住扳机，然后又松开了。
3 liquidity VRXzb     
n.流动性，偿债能力，流动资产
参考例句：
  • The bank has progressively increased its liquidity.银行逐渐地增加其流动资产。
  • The demand for and the supply of credit is closely linked to changes in liquidity.信用的供求和流动资金的变化有密切关系。
4 tightening 19aa014b47fbdfbc013e5abf18b64642     
上紧，固定，紧密
参考例句：
  • Make sure the washer is firmly seated before tightening the pipe. 旋紧水管之前，检查一下洗衣机是否已牢牢地固定在底座上了。
  • It needs tightening up a little. 它还需要再收紧些。
5 adversely 6zEzi6     
ad.有害地
参考例句：
  • We commented adversely upon the imbecility of that message of telegraphic style. 我们对着这条电报式的愚蠢的留言发泄了一通不满。
  • Widely fluctuating exchange rates may adversely affect international trade. 浮动幅度很大的汇率可能会对国际贸易产生有害的影响。
6 sectors 218ffb34fa5fb6bc1691e90cd45ad627     
n.部门( sector的名词复数 )；领域；防御地区；扇形
参考例句：
  • Berlin was divided into four sectors after the war. 战后柏林分成了4 个区。 来自《简明英汉词典》
  • Industry and agriculture are the two important sectors of the national economy. 工业和农业是国民经济的两个重要部门。 来自《现代汉英综合大词典》
7 analysts 167ff30c5034ca70abe2d60a6e760448     
分析家，化验员( analyst的名词复数 )
参考例句：
  • City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
  • I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。
8 allay zxIzJ     
v.消除，减轻(恐惧、怀疑等)
参考例句：
  • The police tried to allay her fears but failed.警察力图减轻她的恐惧，但是没有收到什么效果。
  • They are trying to allay public fears about the spread of the disease.他们正竭力减轻公众对这种疾病传播的恐惧。
9 spike lTNzO     
n.长钉，钉鞋；v.以大钉钉牢，使...失效
参考例句：
  • The spike pierced the receipts and held them in order.那个钉子穿过那些收据并使之按顺序排列。
  • They'll do anything to spike the guns of the opposition.他们会使出各种手段来挫败对手。
10 treasurer VmHwm     
n.司库，财务主管
参考例句：
  • Mr. Smith was succeeded by Mrs.Jones as treasurer.琼斯夫人继史密斯先生任会计。
  • The treasurer was arrested for trying to manipulate the company's financial records.财务主管由于试图窜改公司财政帐目而被拘留。
11 depreciation YuTzql     
n.价值低落，贬值，蔑视，贬低
参考例句：
  • She can't bear the depreciation of the enemy.她受不了敌人的蹂躏。
  • They wrote off 500 for depreciation of machinery.他们注销了500镑作为机器折旧费。
12 positively vPTxw     
adv.明确地，断然，坚决地；实在，确实
参考例句：
  • She was positively glowing with happiness.她满脸幸福。
  • The weather was positively poisonous.这天气着实讨厌。
13 investors dffc64354445b947454450e472276b99     
n.投资者，出资者( investor的名词复数 )
参考例句：
  • a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
  • a cash bonanza for investors 投资者的赚钱机会

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