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RBI Injects Rs 50,000 Crore into Banking System Through OMO Purchases
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RBI Injects Rs 50,000 Crore into Banking System Through OMO Purchases
The Reserve Bank of India (RBI) on Monday infused ₹50,000 crore into the banking system through Open Market Operation (OMO) purchases of government securities, according to an official release. As part of the operation, the central bank bought multiple government bonds, including 6.33% GS 2035 worth ₹13,507 crore, 6.01% GS 2030 valued at ₹13,494 crore, and 6.10% GS 2031 amounting to ₹8,157 crore. It also purchased 7.30% GS 2053 bonds worth ₹6,95…
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