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RBI to buy Rs 360 billion worth of govt bonds to ease liquidity conditions

Reserve Bank of India has decided to boost liquidity conditions in the market

Reuters  |  Mumbai 

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

The (RBI) said on Monday it has decided to buy a total of Rs 360 billion worth under its (OMOs) this month, in a bid to ease in the market.

The central bank said the auctions would be conducted during the second, third and fourth week of October. It said the OMO amount stated is indicative and retains the flexibility to change it, depending on the evolving liquidity and market conditions.

First Published: Mon, October 01 2018. 09:01 IST