Reserve Bank of India (RBI) has decided to conduct open market operations (OMOs) on March 20 in the form of the purchase of an aggregate amount of Rs 10,000 crore of government securities through a multi-security auction using the multiple price method. According to the RBI statement, with the heightening of COVID-19 pandemic risks, certain financial market segments have been experiencing a tightening of financial conditions as reflected in the hardening of yields and widening of spreads. It is important to ensure that all market segments remain liquid and stable, and function normally.
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