The Reserve Bank of India has announced that it will inject Rs 40,000 crore into the system in November through the purchase of government securities as it looks to meet festive season demand for funds. The central bank had already injected Rs 36,000 crore into the system in October through open market operation (OMO).
Source- The Livemint
Static/Current Takeaways Important For IBPS PO Mains Exam 2018:
- Urjit Patel- 24th Governor of RBI, Headquarters- Mumbai, Established on- 1st April 1935, in Kolkata.