RBI to infuse Rs.10000 crore into market to ease liquidity

To ease liquidity in the market, RBI will conduct open market operations (OMOs) and purchase government securities for as much as Rs. 10,000crore on October 7. It will buy government securities maturing in 2015(bearing interest rate of 7.17%), 2016 (7.59%), 2022 (8.15%) and 2025 (8.2%). The objective of OMOs is to adjust rupee liquidity conditions in the market.