October 26, 2018 / 12:22 PM / a year ago

RBI to inject liquidity via bond-buying in November

(Reuters) - The Reserve Bank of India (RBI) on Friday said it would buy 400 billion rupees ($5.45 billion) worth of government bonds via open market operations (OMO) in November to inject liquidity into the market.

The move comes amid worries of a liquidity crunch after defaults at one of the country’s largest infrastructure financing companies.

($1 = 73.4550 Indian rupees)

Reporting By Arnab Paul in Bengaluru; Editing by Amrutha Gayathri

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