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RBI to inject Rs 400 bn liquidity into system via open market operations

For the month of October, the central bank has already injected Rs 360 billion into the system through Open Market Operations (OMO)

Topics
Rbi  |  Reserve Bank Of India  |  Open Market Operations

Press Trust of India  |  Mumbai 



Reserve Bank of India | File Photo
Reserve Bank of India | File Photo

The Reserve Bank on Friday said it will inject Rs 400 billion into the system in November through a purchase of as it looks to meet festive season demand for funds.

For the month of October, the central bank has already injected Rs 360 billion into the system through (OMO).

"Based on an assessment of the durable liquidity needs going forward, has decided to conduct the purchase of under OMOs for an aggregate amount of Rs 400 billion in the month of November 2018," the central bank said in a release.

It further said the auction dates and the to be purchased in the respective auctions would be communicated in due course.

"The OMO amount stated ... is indicative and retains the flexibility to change it, depending on the evolving liquidity and market conditions," it added.

The (RBI) had earlier stated that the system liquidity will move into deficit in the second half of 2018-19 and the evolving liquidity conditions would determine its choice of instruments for both transient and durable liquidity management.


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First Published: Fri, October 26 2018. 18:45 IST

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