RBI to conduct purchase of Govt securities under OMOs for Rs. 20,000 crores

On a review of the current liquidity and financial conditions, the Reserve Bank of India (RBI) today said that it has decided to conduct purchase of Government securities under Open Market Operations (OMOs) for an aggregate amount of Rs. 20,000 crores on 29th of this month. OMOs in general sense refer to the sale or purchase of government securities by the RBI to commercial banks with a view to adjust liquidity conditions in the economy. The State Development Loans (SDLs) are defined as securiti...