2025-01-27 05:57:45 pm | Source: Reuters
India central bank announces slew of measures to inject liquidity to banking system
The Reserve Bank of India, on Monday, announced a slew of measures to inject liquidity into the banking system.
The central bank will conduct Open Market Operation purchase auctions of government securities worth 600 billion rupees ($6.96 billion) in three tranches and hold a 56-day variable rate repo auction for 500 billion rupees on Feb. 7, it said in a statement.
The RBI will also conduct a USD/INR buy/sell swap auction of $5 billion for a tenor of six months. ($1 = 86.2540 Indian rupees)
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