Indian government bonds just hit their best performance in four months—triggered by the central bank rolling out a fresh round of liquidity boosters. The toolkit? Straight purchases of government securities combined with forex swap operations to ease pressure on the banking system. This kind of policy firepower typically signals authorities view tighter credit conditions as a near-term risk. When central banks start aggressively managing money supply through bond purchases and currency operations, it usually means they're prepping for either stronger growth or bracing against slowdown. For anyone tracking emerging market dynamics and how policy shifts ripple through global risk asset flows, this move's worth paying attention to.