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19-Dec2018

RBI increases amount of liquidity infusion to Rs 50,000 crore in December

After reviewing the evolving liquidity conditions, the Reserve Bank of India has decided to increase the amount of liquidity infusion by Rs 10,000 crore to Rs 50,000 crore in December 2018. The central bank had earlier announced to infuse liquidity amounting to Rs 40,000 crore through the purchase of government securities under Open Market Operations (OMOs) during December. The RBI will also conduct the purchase of government securities under OMO for Rs 15,000 crore on December 20.

It further decided to inject liquidity under OMOs for Rs 50,000 crore in January 2019. The operations will be conducted through five auctions of Rs 10,000 crore each. It added that the liquidity conditions will continue to be monitored and depending on the assessment, RBI will consider similar quantum of OMO purchases until the end of March 2019.

The Central Bank said the exact calibration of the quantum of OMO would depend on sustained changes in the behaviour of currency in circulation, the magnitude of sterilisation operations for RBI's forex operations and other relevant factors. Besides, the RBI had already injected Rs 20,000 crore through two OMO purchase auctions.


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