RBI to maintain adequate liquidity, says Rajan

The Reserve Bank today said it is open to buying bonds from the open market and will maintain adequate liquidity in the system as it has all the instruments at its disposal.
"Our intention is to supply plenty of liquidity in the system," RBI Governor Raghuram Rajan told reporters here after the central bank's board meeting here today.
Asked if the RBI will conduct open market operations (OMO) to shore up liquidity, Rajan said the bank will maintain all, short-term, medium-term and long-term liquidity.
"We have all the instruments available with us. If required, the RBI may go in for purchase of bonds for long-term liquidity," he said.

"If required, we can go for OMO," he added.