Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.102)

102. 

The RBI has announced that it is to conduct special "Open Market Operations" on 2 July 2020. RBI's special OMO session will see the simultaneous purchase and sale of government securities of how much worth?

[A]. Rs.30,000 crore
[B]. Rs.20,000 crore
[C]. Rs.5,000 crore
[D]. Rs.10,000 crore

Answer: Option D

Explanation:

The Reserve Bank of India (RBI) has announced that it is to conduct special "Open Market Operations (OMO)" on 2 July 2020. The aim is to pump up liquidity in the financial system. RBI's special OMO session will see the simultaneous purchase and sale of government securities for Rs.10,000 crore. RBI will sell short-term securities, that worth Rs.10,000 crore, that are maturing in the current band next year and purchase long-term securities of an equal amount maturing between 2027 and 2033.

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