Moneycontrol Be a Pro
Get App
Last Updated : Jun 12, 2019 01:44 PM IST | Source: PTI

RBI to pump in Rs 15,000 cr liquidity Thursday

The participants have to submit their offers in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system.


The Reserve Bank of India said June 11 it will infuse Rs 15,000 crore into the financial system through bond purchases on June 13. "Based on an assessment of prevailing liquidity conditions and also of the durable liquidity needs going forward, the RBI has decided to conduct purchase of (six) Government securities under OMOs for an aggregate amount of Rs 150 billion on June 13, 2019 (Thursday) through multi-security auction using the multiple price method," the central bank said in a statement.

It further said there is an overall aggregate ceiling of Rs 15,000 crore for all the securities in the basket put together and there is no security-wise notified amount.

The participants have to submit their offers in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system.

Close

The result of the auction will be announced on the same day and payment to successful participants will be made on the following day.

The RBI uses open market operations (OMO) for injecting liquidity into the system through the purchase of government bonds (G-sec).

The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Jun 11, 2019 10:32 pm
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant