Intentar ORO - Gratis
RBI Receives Twice the Bids for its ₹50,000-cr OMO
Financial Express Kochi
|March 19, 2025
Liquidity Boost
The Reserve Bank of India (RBI) on Tuesday received bids exceeding twice the notified amount in its open market operation (OMO) purchase from banks. The apex bank got bids worth more than ₹1.01 lakh crore, against the notified amount of ₹50,000 crore. The purchase of government securities will infuse much-needed liquidity ahead of advance tax and GST payments, which are expected to drain funds from the banking system.
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