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Wednesday, Feb 11, 2009
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 Money & Banking - Debt Market
RBI widens scope of open market ops

Mumbai: RBI, on Tuesday, widened the scope of the open market operations by including purchases of government securities through an auction-based mechanism in addition to operations through NDS-OM.

The RBI has taken this measure for more effective liquidity management, said a press release by the RBI. The first such auction will be held on February 19 with settlement on February 20. — Our Bureau

More Stories on : Debt Market | RBI & Other Central Banks

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