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Rs. 10,000 cr Worth of Govt Securities to be Bought by RBI This Thursday
June 22, 2018
India’s central bank RBI has announced that it will purchase up to Rs. 10,000 crores worth of government securities on June 21 under Open Market Operations (OPO) for the ease of liquidity management.
The OMO will be carried through a multi-security auction involving the purchase of 5 securities with maturity rates falling between the year 2020 and 2032.
RBI said that it’s decided to purchase government securities after taking into account the current liquidity conditions and those that might develop in the future.
Photo credit: Got Credit on Visual Hunt / CC BY
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