The Reserve Bank of India, on Tuesday, said it will infuse ₹12,500 crore of liquidity into the system through purchase of government bonds.
The central bank will purchase five government bonds under open-market operations (OMOs) on June 20.
“Based on an assessment of prevailing liquidity conditions and also of the durable liquidity needs going forward, the RBI has decided to conduct purchase of five government securities under OMOs for an aggregate amount of ₹12,500 crore on June 20,” the RBI said in a release.
On June 11, the RBI had infused ₹15,000 crore into the system through OMO purchase of six government bonds.