Reserve Bank of India announces ₹1 lakh crore OMO purchase of government securities to boost liquidity
The Reserve Bank of India (RBI) on Friday announced it will conduct Open Market Operation (OMO) purchase auctions of Government of India securities worth ₹1,00,000 crore to manage liquidity conditions in the financial system. The central bank said the purchases will be carried out in two tranches of ₹50,000 crore each, scheduled for March 9,…