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RBI moves to ease liquidity further
Why is it in news?
- The Reserve Bank of India (RBI) on Monday announced more measures to ease liquidity pressures.
Details:
- RBI would conduct additional, special open market operations (OMOs) as part of its efforts to ensure orderly market conditions and congenial financial conditions.
- The OMOs via auctions would be for an aggregate amount of ₹20,000 crore in two tranches of ₹10,000 crore each.
- RBI also allowed banks to hold fresh acquisitions of statutory liquidity ratio securities acquired from September 1 under Held-To-Maturity up to an overall limit of 22% of NDTL.