RBI to infuse Rs 12,000 cr into market
<br /><br /> As part of the OMOs, the RBI will purchase government securities.
Mumbai: The Reserve Bank today said it will pump in Rs 12,000 crore into the market through Open Market Operations on 22 June by buying government securities to ease the liquidity situation.[caption id="attachment_349904" align="alignleft" width="380" caption="Infusing money. PTI"]
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"Consistent with the stance of monetary policy and based on the current assessment of prevailing and evolving liquidity conditions, the RBI has decided to conduct Open Market Operations (OMOs) by purchasing the following government securities for an aggregate amount of Rs 12,000 crore on June 22, 2012," RBI said in a statement.
As part of the OMOs, the RBI will purchase government securities maturing in 2018 (bearing interest rate of 8.24 percent), 2021 (8.79 percent), 2030 (8.97 percent) and 2032 (7.35 percent).
The auction, it added, would be held through the multi- security auction using the multiple price method. RBI on 25 May had pumped in Rs 11,194.25 crore in the system through the OMOs as against the notified amount of Rs 12,000 crore.
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