RBI to infuse up to Rs 36000 cr via open market bond purchases

  • 1
    Share

New Delhi, Oct 1: The Reserve Bank of India (RBI) will conduct open market operation (OMO) in the second, third and fourth week of October for an aggregate amount of Rs 36,000 crore.
“Based on an assessment of the durable liquidity needs going forward and the seasonal growth in currency in circulation observed in build-up to the festive season, RBI has decided to conduct purchase of Government securities under Open Market Operations (OMOs) for an aggregate amount of Rs 360 billion, or Rs 36,000 crore, in the month of October 2018,” the apex bank said in a release on Monday.