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RBI to buy G-Secs in Open Market
September 16 , 2018
2071 days
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- The Reserve Bank is to purchase government securities (G-secs) worth Rs 10,000 crore on September 19, a move aimed at inducing liquidity in the system.
- The purchase of the government securities will be done through Open Market Operations (OMO).
- When the RBI thinks there is excess liquidity in the market, it resorts to the sale of securities.
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