Reserve Bank will buy Government bonds worth Rs 15,000 crore through Open Market Operations (OMO) this week to infuse liquidity in the markets.
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 May 25, the central bank said in a statement today.
There is an overall aggregate ceiling of Rs 150 billion for all the securities in the basket put together.