Seema Kumari
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Posted 3 year ago

What does RBI do under open market operations?

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Mitesh Sharma
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Posted 3 year ago Mitesh Sharma

Open market operations, or OMOs, are the purchase and sale of G-Secs by the Reserve Bank of India (RBI) on the Centre's behalf to streamline money supply and interest rates. In case of excess liquidity in the market, RBI issues these securities via auctions, Mint explains.