RBI to inject ₹3 trillion liquidity via OMO and forex swap
pre-market1 source ↓written by the desknot a recommendation
- into the banking
- ₹3 trillion
- forex swap
- $10 billion
The Reserve Bank of India plans to infuse ₹3 trillion into the banking system through open market operations (OMOs) and a forex swap. This includes purchasing government securities worth ₹2 trillion in four tranches starting December 29. Additionally, a $10 billion forex swap on January 13 aims to enhance liquidity further.
This move is expected to ease liquidity constraints, supporting market stability and potentially boosting investor sentiment in the banking sector. 💼
Not investment advice. For informational purposes only.