RBI to release Rs 15,000 cr next month through govt purchases

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The Reserve Bank of India (RBI) said it will inject Rs 15,000 crore into the financial system next month (June). The filling of the capital will be done through purchase of government bonds with the help of auction process.

The government securities will be bought under Open Market Operations (OMO).

The decision, taken by the central bank, was in a view of the evolving liquidity situation in the country.

“Based on a review of the evolving liquidity conditions and assessment of the durable liquidity needs going forward, RBI has decided to conduct purchase of Government securities under OMO for Rs 150 billion on June 13, 2019,” the RBI said.

Details about the purchase of the government securities would be communicated in due course, it added.

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