 "RBI, RESERVE BANK OF INDIA, CENTRAL BANK")
The Reserve Bank of India (RBI) said on Tuesday it would infuse Rs 12,500 crore into the financial system through open market operations (OMO).
The central bank said it has decided to purchase certain government securities under OMO for an aggregate amount of Rs 12,500 crore on Thursday through multi-security auction, using the multiple price method.
The decision is based on an assessment of liquidity conditions and also of durable liquidity needs, it added.
"There is an overall aggregate ceiling of Rs 125 billion for all securities in the basket put together. There is no security-wise notified amount," RBI said.
It further said the
