According to the latest data, the RBI has conducted open market operations in the last week of April and in the first week of May. In April, it sold bonds worth ₹870 crore while during the first week of May it sold ₹1,700 crore to suck out liquidity. The liquidity absorption from the secondary market through open market operations resumed after a gap - since January.
The central bank, which changed its focus to tackle inflation from supporting growth, in the April review of policy had said excess liquidity from the banking system would be absorbed during a multi-year timeframe.
This story is from the May 17, 2022 edition of Business Standard.
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This story is from the May 17, 2022 edition of Business Standard.
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