Reserve Bank on Monday said it will buy Government securities under the open market operations (OMOs) on March 17 to infuse liquidity of Rs 15,000 crore into the system.
“Based on the current assessment of prevailing and evolving liquidity conditions, the Reserve Bank has decided to conduct purchase of government securities under open market operations for an aggregate amount of Rs 150 billion on March 17, 2016,” RBI said in a notification.
As part of the OMOs, RBI will purchase government securities maturing in 2020 (bearing interest rate of 8.27 per cent), 2022 (8.35 per cent), 2024 (8.40 per cent), 2026 (8.33 per cent) and 2028 (8.60 per cent), 2032 (8.32 per cent).