BankingAfter close
RBI announces ₹1 trillion OMO purchases for liquidity support
after close1 source ↓written by the desknot a recommendation
- in open market
- ₹1 trillion
- dollar–rupee swap
- $5 billion
- which recently surpassed
- 90 per dollar
The Reserve Bank of India has initiated ₹1 trillion in open market operation (OMO) purchases and a $5 billion dollar–rupee swap to bolster liquidity and stabilize the rupee, which recently surpassed 90 per dollar. These measures aim to ease market pressures and enhance monetary transmission.
Traders should monitor these developments as they may influence currency stability and overall market conditions.
Not investment advice. For informational purposes only.