The Reserve Bank of India on Tuesday announced sale and purchase of G-Secs or government securities worth Rs 20,000 crore. In a statement, the RBI said it decided to conduct open market operation (OMO) in two tranches of Rs 10,000 crore each, after reviewing the “current and evolving liquidity and market conditions”.
The move comes days after minutes of last policy review showed the RBI acknowledges there is room for further rate cut but is unlikely to implement it any time soon due to rising inflation.
