Economy, asked by seeddemocracy2467, 1 year ago

What does the open market operation of the rbi mean?

Answers

Answered by pandeyvedika567k

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Open market operations (OMO) refer to a central bank's buying and selling of government securities in the open market in order to expand or contract the amount of money in the banking system.

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Answered by Anonymous

Answer:

Open market operations refers to the sale and purchase of securities in the open market by the RBI on behalf of the government .

Explanation:

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