Mumbai, Jan 29 (PTI) The Reserve Bank of India Tuesday said it will inject Rs 37,500 crore into the system through purchase of government securities in February to increase liquidity. Also Read - Brisbane Weather Forecast For 4th Test Day 3: Will Rain Play Spoilsport During India-Australia at Gabba, Starting Time
The RBI said it has been monitoring the evolving liquidity conditions and durable liquidity requirements of the system. Also Read - Live Cricket Score Ind vs Aus 4th Test Day 3 Today's Match Live Updates Gabba, Brisbane: Rahane-Pujara Eye Solid Start
“Accordingly, it has been decided to conduct purchase of government securities under Open Market Operations (OMOs) for an aggregate amount of Rs 375 billion in the month of February 2019 through three auctions of Rs 125 billion each during the 2nd, 3rd and 4th week,” the RBI said in a release. Also Read - Vaccination Drive Suspended in Maharashtra Till Monday Due to CoWin App Glitches
There will be no auction during the first week due to the scheduled MPC meeting, it added.
The apex bank said it will inform about the auction dates in the due course.
The OMO for the month is indicative and the RBI retains the flexibility to change it, depending on the evolving liquidity and market conditions, it said further.
This is published unedited from the PTI feed.