Current Affairs - National - Discussion

Discussion Forum : National - Latest Current Affairs (Q.No. 6003)

2020-01-02 National

6003.

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

Rs. 1,000 crores

Rs. 5,000 crores

Rs. 10,000 crores

Rs. 50,000 crores

Answer: Option

Explanation:

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.