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14
November 2018
 |
RBI
(The Total Investment & Insurance Solutions)
The
Reserve Bank of India (RBI) would inject Rs12,000 crore into the market by
purchasing government securities on November 15, 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 purchase
of... Government securities under Open Market Operations for an aggregate
amount of Rs 120 billion on November 15, 2018 through multi-security auction
using the multiple price method," the RBI said in a statement on Tuesday.The Total Investment & Insurance Solutions
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