India central bank to conduct open-market bond sales to absorb durable liquidity, sources say

MUMBAI, Oct 20 - India's central bank will conduct open market sales of bonds once government spending picks up and there is an improvement in the durable liquidity surplus, two sources aware of the development told Reuters on Friday.

"The RBI is going to look through frictional changes in liquidity and conduct OMO sales only when there is a durable surplus," the second person said."OMOs will be purely need based." Frictional changes refer to short-term swings in banking liquidity while longer-term withdrawal or addition of cash impact durable liquidity.

Banking liquidity is expected to move back to surplus by early November on government expenditure and as bonds worth around 540 billion rupees mature on Nov. 2.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

India cenbank sold net $3.86 billion in spot forex market in AugustExplore stories from Atlantic Canada.
Источник: SaltWire Network - 🏆 45. / 63 Прочитайте больше »

EU only wants free trade deal with India that gives it 'real' market accessExplore stories from Atlantic Canada.
Источник: SaltWire Network - 🏆 45. / 63 Прочитайте больше »

Stocks slip as earnings ramp up, yields rise amid Mideast developments: Stock market news todayMiddle East tensions are weighing on markets in morning trade on Wednesday.
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »

Stocks slip, yields rise as earnings season ramps up: Stock market news todayMiddle East tensions are weighing on markets in morning trade on Wednesday.
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »

Stocks slip, oil jumps as hospital blast fans Mideast fears: Stock market news todayMiddle East tensions are weighing on markets in morning trade on Wednesday.
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »

US futures reach for gains amid surging Treasury yields: Stock market news todayInvestors were treading carefully as the US 10-year yield nudged 5%, with more earnings and a speech by the Fed's Jerome Powell in focus.
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »