RBI withdraws $5.2 billion via first net open market debt sale in 9 years
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RBI Accepts Full Rs 50,000 Crore in OMO Sale Amid Liquidity Surge from FCNR Inflows
Get latest articles and stories on Business at LatestLY. The Reserve Bank of India (RBI) has accepted bids for the entire notified amount of Rs 50,000 crore in its Open Market Operation (OMO) sale of government securities, a major liquidity absorption exercise that comes against the backdrop of large foreign currency non-resident deposit inflows into the banking system. Business News | RBI Accepts Full Rs 50,000 Crore in OMO Sale Amid Liquidity …
Times of India
The Hindu Business LineRBI withdraws $5.2 billion via first net open market debt sale in 9 years
The Reserve Bank of India has taken steps to absorb liquidity from the banking sector by selling bonds worth 500 billion rupees. This strategic move included the sale of securities with maturation dates slated between fiscal 2029 and fiscal 2032, marking the first net sale since November 2017. Consequently, an amount equivalent to nearly 0.2% of total deposits has been withdrawn from circulation.
The Reserve Bank of India (RBI) took a major step to reduce excess liquidity in the banking system. On Thursday, the central bank raised ₹50,000 crore by selling government securities under open market operations (OMOs).
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