RBI to inject durable liquidity through OMO purchase auction in June  

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Mumbai: The Reserve Bank of India (RBI) has decided to purchase Government Securities under Open Market Operation (OMO) for Rs.150 billion on June 13, 2019.

 “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 Open Market Operation (OMO) for Rs.150 billion on June 13, 2019. The Government securities to be purchased in the auction would be communicated in due course” RBI said in a statement.

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