October 1, 2013 10:11 AM

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RBI to infuse Rs10,000cr to ease market liquidity

The Reserve Bank of India will infuse 10 thousand crore rupees by purchasing government securities on 7 October, to ease liquidity in the market. In a release issued yesterday, RBI stated that based on the assessment of prevailing and evolving market conditions, it has decided to conduct open market operations by purchasing government securities for an aggregate amount of 10 thousand crore rupees. Open market operations refer to the sale or purchase of government securities with the objective of adjusting rupee liquidity conditions in the market.

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