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RBI announces Rs 400 billion worth of OMO purchases in December

The last lot of G-Secs for this month will be purchased by the RBI on November 29, under its Open Market Operations, for an aggregate amount of Rs 100 billion

RBI

The Reserve Bank of India (RBI) has announced that it will buy an additional Rs 400 billion worth of Government securities (G-Secs) in December, in addition to the Rs 400 billion set to be purchased in November.  The last lot of G-Secs for this month will be purchased by the RBI on November 29, under its Open Market Operations, for an aggregate amount of Rs 100 billion.  According to CARE ratings, Rs 1286.6 billion worth of OMO purchases took place between April 01 and November 23, of which Rs 980 billion wwas purchased in the last three months.  The ...