RBI announces sale and purchase of long-term government bonds to boost economy – Deccan Herald
The Reserve Bank of India announced on Tuesday that it would conduct open market operations (OMOs) of government securities worth Rs 20,000 crore in two tranches.
This move is expected to lower long-term interest rates and boost the economy by making credit cheaper for businesses, industries and other borrowers.
The auctions would take place on August 27, 2020 and September 3, 2020, “RBI said.
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