
OMO purchase auction receives robust response from banks
Banks placed offers to sell six government securities (G-Secs) aggregating ₹1,87,503 crore, about 4.68 times the amount the RBI notified for purchase at the open market operation (OMO). The central bank infused liquidity equal to the notified amount of ₹40,000 crore in the banking system through the OMO purchases. The RBI conducted the OMO purchase...
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