RBI to Inject Rs 50,000 Cr via OMO on March 13 to Boost Liquidity

• The Reserve Bank of India (RBI) will conduct a Rs 50,000 crore Open Market Operation (OMO) on March 13.
• This OMO aims to inject liquidity into the banking system by purchasing government securities.
• It is part of a larger Rs 1 lakh crore OMO purchase of G-Secs announced by the central bank on March 6.
• The move anticipates heavy outflows from the banking system due to advance tax and GST payments later this month.
• RBI has already infused Rs 3 lakh crore through OMO purchases of government securities since the start of this calendar year.