The Reserve Bank of India on Friday said it will inject Rs 15,000 crore into the financial system next month through the purchase of government bonds via the auction route.
The government securities will be bought under Open Market Operations (OMO).
The decision has been taken in view of the evolving liquidity situation, the central bank said in a statement.
"Based on a review of the evolving liquidity conditions and assessment of the durable liquidity needs going forward, RBI has decided to conduct the purchase of Government securities under OMO for Rs 150 billion on June 13, 2019," the RBI said.
Details about the purchase of the government securities would be communicated in due course, it added.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
BJP is planning to ban RSS, says Shiv Sena (UBT) chief Uddhav Thackeray
May 18, 2024 8:01 PM
Punjab Lok Sabha elections: Complete list of Congress candidates
May 18, 2024 4:08 PM
Punjab Lok Sabha elections: Check full list of AAP candidates and constituencies
May 18, 2024 12:59 PM
PM Modi, Rahul Gandhi election rallies in Delhi today: Here are the routes to avoid
May 18, 2024 11:28 AM