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INDIA: RBI Announce New Measures to Manage Liquidity Conditions

INDIA

The RBI has announced a new set of measures to manage liquidity conditions. Headlines below via Reuters:

  • OMO purchase auctions of government of India securities for an aggregate amount of INR1trln on March 12, March 18.
  • USD/INR buy/sell swap auction of USD10bln for a tenor of thirty-six months to be held on March 24.
  • Will continue to monitor evolving liquidity and market conditions and take measures as appropriate.
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The RBI has announced a new set of measures to manage liquidity conditions. Headlines below via Reuters:

  • OMO purchase auctions of government of India securities for an aggregate amount of INR1trln on March 12, March 18.
  • USD/INR buy/sell swap auction of USD10bln for a tenor of thirty-six months to be held on March 24.
  • Will continue to monitor evolving liquidity and market conditions and take measures as appropriate.