RBI to inject Rs 10,000 cr through open market operations on Thursday
The purchase will be made through open market operations (OMOs).
"Based on an assessment of prevailing liquidity conditions and also of the durable liquidity needs going forward, the Reserve Bank has decided to conduct purchase of ... government securities under open market operations for an aggregate amount of Rs 100 billion on December 6, 2018 (Thursday)," the central bank said.
The OMO operation will help ease tight liquidity situation triggered by a series of defaults by group companies of IL&FS.
The eligible participants should submit their offers in electronic format on the RBI Core Banking Solution (E-Kuber) system on December 6.
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