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Open Market Operations
October 26 , 2020
1495 days
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- The RBI announced open market operations (OMO) purchase of State Development Loans (SDLs) for the first time in the History.
- It was labelled as a "special case" with an aim to improve liquidity and facilitate efficient pricing.
- The purchase amount will be 10,000 crores.
- The OMOs will be conducted for a basket of SDLs comprising securities issued by states.
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