Mumbai: The Reserve Bank of India (RBI) on Friday announced three liquidity-boosting measures that, experts said, are aimed at significantly increasing system liquidity to a sustainable surplus and helping in the transmission of interest rate cuts already implemented over the past year. The RBI will buy an open market operation (OMO) of ₹1 lakh crore […]
The central bank carried out Rs 12,470 crore worth of open market operations (OMO) purchases in the secondary market in the week ended November 7, the first such move in five months, as it sought to shore up domestic bank liquidity amid rising bond yields. The yield on ten-year benchmark bonds closed at 6.52%, two […]