Reserve Bank of India Deputy Governor HR Khan has said that the RBI is looking at conducting open market operations (OMO) after assessing the government’s cash balance, RBI will assess the liquidity situation and then see what the government balance is, whether it is short term or long term. The government balance is quite substantial, he added.
RBI is assessing the situation and will come out with OMO, Khan added. Further, liquidity within the banking system still remains tight as the daily liquidity borrowings by banks under the RBI’s Liquidity Adjustment Facility is close to about Rs 1 lakh crore.
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