Current Affairs - National - Discussion

Discussion :: National - Latest Current Affairs (Q.No.410)


How much long-term government securities have recently been bought by RBI?

[A]. Rs. 1,000 crores
[B]. Rs. 5,000 crores
[C]. Rs. 10,000 crores
[D]. Rs. 50,000 crores

Answer: Option C


The Reserve Bank of India bought 10,000 crore rupees of long-term government securities and sold 8,501 crore rupees of three short-term bonds. RBI announced to purchase and sell government securities simultaneously under Open Market Operations (OMO) for 10,000 crore rupees each.

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