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Trump has accused the South American country of flooding the U.S. with drugs, and his administration has for months been bombing boats originating in South America that it alleges were carrying drugs. Many nations have condemned the attacks as extrajudicial killings.
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Government bonds rallied as the central bank announced significant liquidity infusion measures, including 2 lakh crore in bond purchases and a $10 billion dollar-rupee swap. This move aims to ease tight liquidity conditions caused by forex market intervention and tax outflows, with the 10-year bond yield dropping sharply.
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The Peoples Bank of China vowed to guide borrowing costs to continue hovering at a low level, according to a Wednesday statement following its fourth-quarter monetary policy committee meeting. The bank repeated a pledge to step up cross-cyclical policies, a phrase suggesting it aims to look beyond short-term volatility and avoid excessive stimulus that could create structural imbalances.
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