RBI to conduct OMO purchase worth USD 40 billion? Here's what Bank of America Merryl Lynch says

Reserve Bank of India (RBI) is likely to conduct additional open market operation (OMO) purchase worth USD 40 billion by March end.

RBI to conduct OMO purchase worth USD 40
The RBI is delaying OMO, as it fears that this will signal weaker rupee. Image: PTI

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