RBI to inject Rs. 36,000 cr into system through purchase of govt bonds

The Reserve Bank today announced that it will inject  36,000 crore rupees into the system through purchase of government bonds in October to meet the festival season demand for funds.

In a release the RBI said the decision to conduct purchase of Government securities under OMOs was based on an assessment of the durable liquidity needs.

The auctions to purchase government bonds as part of the Open Market Operations will be conducted in the second, third and fourth week of October.

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