BUSINESS

RBI scales up liquidity infusion

The Reserve Bank on Tuesday said it had decided to scale up the amount of liquidity infusion by Rs. 10,000 crore to Rs. 50,000 crore this month, after a review of the evolving liquidity conditions.

The central bank had earlier announced to infuse liquidity amounting to Rs. 40,000 crore through the purchase of government securities under Open Market Operations (OMOs) during December.

“On a review of the evolving liquidity conditions, it has been decided to scale up the amounts to be purchased in the remaining two OMO auctions scheduled in December 2018 to Rs. 150 billion each,” the Reserve Bank said in a release.