RBI to infuse Rs.12,500 cr via OMOs

Wed 13 Mar 2019, 10:47:43
The Reserve Bank of India, RBI has said it will infuse 12,500 crore rupees into the system through open market operations (OMOs) tomorrow. 

The central bank said in Mumbai yesterday that based on an assessment of prevailing liquidity conditions and also of the durable liquidity needs going forward, it will conduct the purchase of the government securities under open market operations. 

The purchase will happen through multi-security auction using the multiple price method.OMOs are money market tools to infuse or suck out liquidity from the system. 

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