RBI to inject Rs 8,000 cr into market on Nov 22
- Country:
- India
The Reserve Bank of India (RBI) would inject Rs 8,000 crore into the market by purchasing government securities on November 22, 2018.
The decision comes amid concerns of a liquidity crisis in the economy after the financial services company IL&FS reported defaults in September.
"Based on an assessment of prevailing liquidity conditions and also of the durable liquidity needs going forward, the Reserve Bank has decided to conduct the purchase of...
"Government securities under Open Market Operations for an aggregate amount of Rs 80 billion on November 22, 2018, through multi-security auction using the multiple price method," the RBI said in a statement on Monday.
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