Current Affairs - Banking - Discussion

The Reserve Bank of India today announced that it will conduct open market operations or OMO of government t securities worth ?20,000 crore in two tranches. "On a review of current and evolving liquidity and market conditions, the Reserve Bank has decided to conduct simultaneous purchase and sale of government securities under Open Market Operation (OMO) for an aggregate amount of ?20,000 crores in two tranches of ?10,000 crores each. The auctions would be conducted on August 27, 2020 and September 03, 2020," RBI said.