The Reserve Bank of India said on Monday that it would inject further liquidity in the banking system by operating open market operations and operating dollars and selling swaps for a long time.
The RBI will organize Omo purchase of government securities worth Rs 1 lakh crore in two installments worth Rs 50,000 crore. The first auction will be held on 12 March and the second is till 18 March. In addition, the Central Bank has decided to buy/sell a $ 10 billion swap auction for 36 months to be held on March 24.
This was followed by a $ 10 billion swap earlier this week. Reading RBI’s Full announcement,
