RBI to infuse ₹10k cr via bond purchase on Sept 8
The Reserve Bank of India has said it will conduct open market operations (OMO) for purchasing government bonds to infuse ₹10,000 crore in the market on September 8. The RBI conducts OMO purchases in order to infuse liquidity into the system whenever there is a deficiency, while it conducts OMO sales to remove excess liquidity from the system.