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Bloomberg Quint

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RBI To Buy Government Bonds Worth Rs 40,000 Crore In Further Liquidity Push

  • 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.
  • This is a developing story.

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