RBI announces Rs 10,000 crore special OMOs on February 25 – Times of India

MUMBAI: The Reserve Bank of India (RBI) mentioned on Monday that it’ll conduct simultaneous sale and buy of authorities bonds beneath special open market operations (OMOs) on February 25.
The RBI will purchase and promote bonds price Rs 10,000 crore every on that day.
“On a evaluate of present liquidity and financial conditions, the RBI has determined to conduct simultaneous buy and sale of authorities securities beneath OMO for an combination quantity of Rs 10,000 crore every on February 25, 2021,” mentioned the central financial institution in a press release.
With Covid-19 pandemic dangers and their influence on economic system, sure monetary market segments have been experiencing a tightening of monetary situations as mirrored within the hardening of yields and widening of spreads.
RBI governor Shaktikanta Das just lately assured buyers that its stance on liquidity stays accommodative and that the federal government’s Rs 12.06 lakh crore borrowing programme for the fiscal 12 months beginning April will likely be managed in a easy and orderly method.
The authorities raises cash from the market to fund its fiscal deficit by means of dated securities and treasury payments.
The RBI has mentioned it stays dedicated to make use of all devices at its command to revive the economic system by sustaining congenial monetary situations, mitigate the influence of Covid-19 and restore the economic system to a path of sustainable development whereas preserving macroeconomic and monetary stability.
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