RBI opens liquidity floodgates; announces Rs 60k crore OMO purchase plan

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RBI opens liquidity floodgates; announces Rs 60k crore OMO purchase plan - Business Standard

Quick Summary:

According to bankers, these measures, together, are likely to pump in Rs 1.

The liquidity deficit in the banking system, as measured by the RBI pumping money through the liquidity adjustment facility, stood at Rs 3.13 trillion on Sunday, the latest data shows.

This will provide liquidity to banks until the end of the financial year, with the reversal date of these funds being close to the April monetary policy review.