Wednesday, October 10, 2018

RBI to conduct OMO on 11-10-2018


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RBI has announced that it will inject Rs 12000 Cr liquidity into the system through purchase of government bonds on October 11 to meet the festival season demand for funds.   

The government will purchase bonds with maturity ranging between 2020 to 2030, the RBI said in a statement.

The auction to purchase government bonds is a part of the Open Market Operations to manage liquidity in the system which seems to be facing liquidity tightness.

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