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RBI to pump in Rs 12,500 crore liquidity on June 20

MUMBAI: The Reserve Bank of India stated on Thursday that it's going to infuse Rs 12,500 crore into the financial device through bond purchases on June 20.

The decision has taken in accordance with a assessment of the evolving liquidity stipulations and evaluation of the durable liquidity needs going forward, the central bank stated in a remark.

The acquire of government securities under the Open Market Operation (OMO) for Rs 12,500 crore ($125 billion) can be conducted on June 20, 2019.

The executive securities to be bought in the auction can be communicated in the end, the RBI added.

Earlier in the day, the RBI injected Rs 15,000 crore into the device through bond purchases.

The RBI makes use of open marketplace operations (OMO) for injecting liquidity into the device during the acquire of government bonds (G-sec).

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