RBI to sell sovereign bonds

Reserve Bank of India would sell govt bonds worth Rs. 10,000 crore through Open Market Operations to mop up liquidity from the system. As part of the OMO, the RBI will sell government securities maturing in 2019, 2021, 2022, 2024, & 2030. Open market operations refer to buying & selling of govt securities in open market in order to expand or contract the amount of money in the banking system.

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