On Friday, the Reserve Bank of India (RBI) said that it will infuse Rs 15,000 crore in the financial system in the month of June through purchases of government bonds via the auction route. These government securities will be bought under Open Market Operations (OMO).
The central bank in a statement said that the decision was taken in the view of the evolving liquidity situation.
"Based on a review of the evolving liquidity conditions and assessment of the durable liquidity needs going forward, RBI has decided to conduct purchase of Government securities under OMO for Rs 150 billion on June 13, 2019," the RBI said.
It further said that the details on the purchase of the government securities would be communicated in due course.