Mumbai, March 6 -- Continuing measures to inject liquidity into the banking system, the Reserve Bank on Wednesday said it will conduct open market purchases of government securities and undertake USD/INR swaps. On a review of current and evolving liquidity conditions, the Reserve Bank on Wednesday said it will conduct the OMO purchase auctions of Government of India securities for an aggregate amount of Rs.1,00,000 crore in two tranches of Rs.50,000 crore each to be held on March 12, 2025 (Wednesday), and March 18, 2025 (Tuesday). Also, RBI said it will undertake USD/INR Buy/Sell Swap auction of USD 10 billion for a tenor of thirty-six months to be held on March 24, 2025 (Monday). On February 28, the central bank conducted US dollar-rupee...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.