RBI to Infuse Rs12,500 Cr Through OMO

Sharing is caring!

Reserve Bank of India (RBI) said it would infuse Rs12,500 crore into the system through open market operations.

The RBI said it has decided to conduct purchase of certain Government securities under open market operations (OMOs) for an aggregate amount of Rs12,500 crore on February 28 through multi-security auction using the multiple price method.

The decision on OMO is based on an assessment of prevailing liquidity conditions and also of the durable liquidity needs going forward, it added.

“There is an overall aggregate ceiling of Rs125 billion for all the securities in the basket put together. There is no security-wise notified amount,” RBI said.

It further said the eligible participants should submit their offers in electronic format on the RBI Core Banking Solution (E-Kuber) system between before noon on Thursday.

The result of the auction will be announced on Thursday and payment to successful participants will be made during banking hours on the following day.

SMEStreet Desk

SMEStreet is fast growing platform dedicated to entrepreneurs from small and medium sized businesses (SMEs). Committed to facilitate Knowledge & Networking for Business Growth, SMEStreet offers value added content which shows the actual voice of Indian MSMEs.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button
%d bloggers like this: