RBI to inject Rs 10,000 cr through OMO

RBI to inject Rs 10,000 cr through OMO

December 05, 2018

  • The Reserve Bank of India will inject Rs 10,000 crore into the banking system through purchase of government securities on 6 December 2018 to increase liquidity.
  • The purchase will be made through Open Market Operations (OMOs).
  • The RBI also announced auction of ‘Cash Management Bill’.
  • Cash Management Bill is short term instrument to meet the temporary cash flow mismatches of the Government.
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