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Ready to meet liquidity requirements of the banking system, says RBI

The system liquidity is in ample surplus at this point

Reserve Bank of India
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FILE PHOTO: A security personnel member stands guard at the entrance of the Reserve Bank of India (RBI) headquarters in Mumbai | Photo: Reuters

BS Web TeamAgencies
The Reserve Bank of India (RBI) on Thursday said that it stood ready to meet the liquidity requirements of the banking system through the various instruments available to it based on an assessment of the evolving market conditions.

In a statement released on its website on Thursday morning, the central bank spoke of the several proactive steps taken in the past few days. “The Reserve Bank has conducted/will be conducting Open Market Operation (OMO) in successive weeks on September 19 and September 27, 2018,” it said.