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"Pressure to carry out OMO sales has definitely come down significantly because liquidity conditions have stayed tight and more significantly it is the fall in core liquidity surplus that has played a prominent role in keeping liquidity conditions tight," said Abhishek Upadhyay, senior economist at ICICI Securities Primary Dealership. ....
The Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said the central bank may have to consider open market operations (OMO) to manage liquidity in line with the stance of monetary policy. ....
The government bond market in India experienced a selloff as bond prices fell and yields rose. This was in response to the Reserve Bank of India (RBI) ....