Business Standard

RBI assessing liquidity for OMO bond buys: Khan

Image

Newswire18

The Reserve Bank of India (RBI) was constantly assessing the liquidity situation, Deputy Governor H R Khan said on Friday in response to a question on whether the central bank would purchase more bonds through open market operations (OMOs).

“I cannot say anything but we are constantly looking at liquidity,” he said. RBI has, so far, bought government bonds worth '15,200 crore under OMOs to ease the liquidity crunch. It had announced the first purchase auction under OMOs on November 22.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 03 2011 | 12:34 AM IST

Explore News