SPECIAL OMO OF GOVT SECURITIES WORTH RS 10,000 CRORE ANNOUNCED BY THE RBI

Highlights

• The RBI will conduct simultaneous purchase and sale of government securities under Open Market Operations (OMO) on July 2, 2020

• As a temporary measure, the RBI has already increased the borrowing limit of scheduled banks under its MSF scheme

• The results of the auctions will be announced on the same day said the RBI

On Monday, the Reserve Bank of India (RBI) has announced s....