Reserve Bank of India to inject Rs 40,000 crores into banking system via OMO in November 2018

Posted on:29 Oct 2018 16:16:38
Reserve Bank of India to inject Rs 40,000 crores into banking system via OMO in November 2018
29 October 2018 Current Affairs: This will be done through the purchase of government securities under open market operations for an aggregate amount of Rs. 400 billion in the month of November 2018.
This will help ease a cash shortage in the system and stabilize debt market rates.
 
This will be done through the purchase of government securities under open market operations for an aggregate amount of Rs. 400 billion in the month of November 2018.
This will help ease a cash shortage in the system and stabilize debt market rates.
 



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