The earlier scheduled open market sale operations for the RBIs debt on November 23 has now been suspended by the central bank as confirmed in its statement which said, "recent market developments and based on a fresh review of the current and evolving liquidity conditions".
Bond Yields Fall By Big 14 Bps After RBI Suspends OMOs
In a statement on Friday, the apex bank said, "recent market developments and based on a fresh review of the current and evolving liquidity conditions has led the bank to take back its plans of OMO of bond sale.
The bond market since the June end has seen a massive sell-off due to sustained OMO bond sales as well as other economic crisis situations such as inflation and fiscal discipline.
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