RBI to infuse Rs 40k crore into banking system

The RBI on Friday said it will buy govt securities of various maturities aggregating Rs 40,000 crore on April 17. This will be the third open market operation (OMO) purchase of gilts by the central bank in the current fiscal.
The first one of Rs 20,000 crore was conducted on April 3 while the second one, of the same amount, was on April 8.

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