RBI to buy ₹20,000 cr. of G-Secs on October 29

October 22, 2020 10:38 pm | Updated 10:38 pm IST - MUMBAI

FILE PHOTO: A worker walks past the logo of Reserve Bank of India (RBI) inside its office in New Delhi, India July 8, 2019. REUTERS/Anushree Fadnavis/File Photo

FILE PHOTO: A worker walks past the logo of Reserve Bank of India (RBI) inside its office in New Delhi, India July 8, 2019. REUTERS/Anushree Fadnavis/File Photo

The Reserve Bank of India (RBI) on Thursday announced that following a review of the current liquidity and financial conditions, it had decided to purchase Government securities for an aggregate amount of ₹20,000 crore under Open Market Operations (OMO) on October 29. The multi-security auction will use the multiple price method.

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