Breaking News

You are here » Indian-Commodity  :  Economy  :  RBI increases amount of liquidity infusion to Rs 50,000 crore in December

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.


Related News

View all news

CPI inflation hits 6-month high of 2.92% in April

India's retail inflation based on Consumer Price Index (CPI) continued northward journey for third straight month and inched up to a 6-month high of 2.92% in April 2019 due to a spike in food prices, including......

Indian economy to grow at 7% range in current fiscal: Subramanian

Chief Economic Advisor (CEA) Krishnamurthy V. Subramanian has said  that the Indian economy would grow at 7% range in the current financial year (FY20) powered by the effects of the strong structural......

Banks take 57% haircut in 94 cases resolved in FY19: ASSOCHAM-CRISIL study

A joint study carried out by the industry body Associated Chambers of Commerce & Industry of India (ASSOCHAM) and rating agency CRISIL stated that banks have taken a huge 57% haircut in the 94......

Top News

View all news

SRF, NIIT Technologies and United Bank of India to see some action today

SRF has entered into a definitive agreement to sell its Engineering Plastics Business to DSM, the Life Sciences and Materials Sciences Company in an all-cash transaction, amounting to Rs 320 crore. The......

NIIT Technologies concludes sale of 88.99% stake in ESRI India Technologies

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies,......

United Bank of India to raise Rs 1,500 crore by various means

United Bank of India has received approval to raise equity capital not exceeding Rs 1,500 crore in one or more tranches during the financial year by way of Qualified Institutions Placement, Public Issue,......