News Brief | November 2013
RBI plans Rs.10,000 crore OMO to ease liquidity crunch
The RBI will infuse Rs 10,000 crore into the system through open-market operations (OMO) to ease liquidity constraints. Based on the current assessment of prevailing and evolving market conditions, the RBI will purchase government securities for an aggregate amount of Rs 10,000 crore on 7 October. The liquidity infusion comes against the backdrop of high bank borrowings from the RBI's Marginal Standing Facility (MSF) window.