The Reserve Bank of India has announced a fresh open market operation to purchase government securities worth Rs 50000 crore on March 25 to ease the market liquidity condition.
The Reserve Bank of India has announced a fresh open market operation to purchase government securities worth Rs 50000 crore on March 25 to ease the market liquidity condition.
RBI will auction six dated stocks — the 7.04% GS 2029, 7.17% GS 2030, 7.26% GS 2032, 7.26% GS 2033, 7.50% GS 2034 and 7.18% GS 2037.
The Reserve Bank of India has announced a fresh open market operation to purchase government securities worth Rs 50000 crore on March 25 to ease the market liquidity condition.
RBI will auction six dated stocks — the 7.04% GS 2029, 7.17% GS 2030, 7.26% GS 2032, 7.26% GS 2033, 7.50% GS 2034 and 7.18% GS 2037.
The central bank has also decided to conduct variable rate repo for Rs 1 lakh on Wednesday.
On Tuesday, it conducted OMO for injecting Rs 50000 crore as the second tranche of the Rs 1 lakh crore liquidity infusion plan announced on March 5. The first tranche was conducted on March 12.
RBI received bids worth Rs 1.1 lakh crore for Tuesday’s operation, more than double of the notified amount. The cut-off yields for the purchase ranged between 6.66% and 6.89%.
