Reserve Bank to add Rs.36,000 crores into system through purchase of govt bonds

The Reserve Bank today announced that it will inject 36,000 crore rupees into the system through the purchase of government bonds in October to meet the festival season demand for funds.
In a release, the RBI said the decision to conduct the purchase of Government securities under OMOs was based on an assessment of the durable liquidity needs.
The auctions to purchase government bonds as part of the Open Market Operations will be conducted in the second, third and fourth week of October.

Published On : 03 Oct 2018