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RBI announces OMO purchase of Government of India Dated Securities

RBI announces OMO purchase of Government of India Dated Securities

Mar 15, 2016, at 06:44 pm

Mumbai, Mar 15 (IBNS) The Reserve Bank of India (RBI), based on its current assessment of prevailing and evolving liquidity conditions, has decided to conduct purchase of Government securities under Open Market Operations (OMO) for an aggregate amount of Rs150 billion on Thursday (March 17, 2016) through multi-security auction using the multiple price method: