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Open Market Operations : RBI Announces Rs. 20,000 Crore

Kumari Sonali

Open Market Operations:

RBI announces ₹20,000 crore open market operations on February 10.

  • Open market operations are the sale and purchase of government securities and treasury bills by RBI or the central bank of the country.
  • The objective of OMO is to regulate the money supply in the economy.
  • It is one of the quantitative monetary policy tools.
  • RBI carries out the OMO through commercial banks and does not directly deal with the public.

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