The Reserve Bank of India will infuse Rs 12,500 crore into the financial system through bond purchases under the Open Market Operation (OMO). The RBI uses open market operations (OMO) for injecting liquidity into the system through the purchase of government bonds (G-Sec).
Source: Economic Times
Static/Current Takeaways Important For LIC AAO/ADO Mains 2019:
- RBI 25th Governor: Shaktikant Das, Headquarters: Mumbai
- Founded: 1 April 1935, Kolkata.