The Reserve Bank of India, RBI, has withdrawn the sale of Rs Ten thousand crore worth of government securities under Open Market Operations, OMO.The central bank in a statement in Mumbai today said, in view of the recent market developments and based on a fresh review of the current and evolving liquidity conditions, it has been decided to withdraw the OMO scheduled for November 23. US-based Moody's today upped India's rating to Baa2 from Baa3, changing outlook to 'stable' from 'positive', seen as a boost to the Modi government's reform agenda.
News On AIR | November 18, 2017 1:29 AM
RBI withdraws sale of Rs 10,000 crore worth of govt securities under Open Market Operations