RBI announces fresh OMO purchase, sale of G-Secs

The RBI on Tuesday announced special open market operations (OMO) of government securities worth Rs 20,000 crore. "On a review of current and evolving liquidity and market conditions, the Reserve Bank has decided to conduct simultaneous purchase and sale of G-Secs under OMO for an aggregate amount of Rs 20,000 crore in two tranches of Rs 10,000 crore each," the central bank said.

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