Epic Update:Reserve Bank
Posted: Mon Dec 24, 2012 10:29 pm
The Reserve Bank said it will pump in Rs 8,000 crore in the market on December 28 by buying government securities to ease the liquidity situation.
"Consistent with the stance of monetary policy and based on the current assessment of prevailing and evolving liquidity conditions, the Reserve Bank has decided to conduct Open Market Operations (OMOs) by purchasing government securities for an aggregate amount of Rs 8,000 crore on December 28, 2012," RBI said in a statement.
"Consistent with the stance of monetary policy and based on the current assessment of prevailing and evolving liquidity conditions, the Reserve Bank has decided to conduct Open Market Operations (OMOs) by purchasing government securities for an aggregate amount of Rs 8,000 crore on December 28, 2012," RBI said in a statement.