RBI to inject Rs.30,000 cr liquidity into market next week

The Reserve Bank of India (RBI) will inject liquidity of Rs 30,000 crore through open market operations next week to maintain financial stability in the system in the wake of the coronavirus outbreak.

The Central Bank stated that it will conduct the operation in two tranches of Rs 15,000 crore each in March. It said that the auctions would be conducted on March 24 and March 30. It



also said that with the COVID-19 related dislocations, stress in certain financial market segments is still severe and financial conditions remain tight. It added that its endeavour is to ensure that all markets segments function normally with adequate liquidity and turnover. The central bank had already infused Rs 10,000 crore through open market operations yesterday.