The Reserve Bank of India injected Rs 50000 crore through an open market operation Thursday while it received bids worth Rs 1.39 lakh crore.
This was the second tranche of Rs 1 lakh crore OMO announced by the central bank earlier in the month.
Incidentally, the inter-bank liquidity remained in deficit for the past two days due to the advanced tax outflows, despite the central bank’s efforts to inject durable liquidity in the system over the past couple of days through the open market purchase of government securities and $5 billion dollar-rupee swap deal.
As of Wednesday, the system deficit was seen at Rs 68.586 crore.
On Thursday’s OMO, the RBI purchased seven dated stocks — the 6.75% 2029, 6.10% 2031, 6.54% 2032, 7.18% 2033, 6.33% 20235, 7.23% 2039 and 7.09% 2054 papers.
