RBI to inject funds through OMOs |
The Reserve Bank of India to inject 5.3 billion US$ into the system through Open Market Operations to increase liquidity. Ahead of union budget on Feb 1, Reserve Bank of India announced that it will inject 5.3 billion USD into the system through purchase of government securities in February to increase liquidity. The RBI said it has been monitoring the evolving liquidity conditions and durable liquidity requirements of the system. RBI stated that it has decided to conduct purchase of government securities under Open Market Operations for an aggregate amount of 375 billion in the month of February 2019 through three auctions of 125 billion each during the 2nd, 3rd and 4th week. The apex indian bank would inform about the auction dates in the due course. The RBI release this week stated that there will be no auction during the first week due to the scheduled MPC meeting.
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