However, the central bank has infused durable liquidity of Rs 36,000 crore in October and Rs 50,000 crore in the following month through OMOs or the purchase of government securities. The RBI disclosed in the fifth bi-monthly monetary policy earlier this month that so far during this fiscal, it has injected total durable liquidity of Rs 1.36 trillion. While the RBI had earlier announced plans to inject Rs 40,000 crore through OMOs this month, the shortfall has continued due to advance tax outflows. Consequently, the total injection of durable liquidity for December will be Rs 50,000 crore. The TelegraphThe RBI went on to add that based on an assessment of the durable liquidity needs, it has decided to conduct purchase of government securities under OMOs for Rs 50,000 crore in January 2019.

Source: The Telegraph December 18, 2018 20:15 UTC