The Reserve Bank of India (RBI) has announced its plan to conduct a fresh purchase of government bonds worth Rs 40,000 crore.
The open market operations (OMO) purchase auction will take place on April 17. This decision was made after assessing the current and evolving liquidity conditions.
This additional bond purchase comes in addition to the Rs 80,000 crore worth of bond purchase announced by the RBI on April 1.