what is meant by open market operations?
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Open market operations (OMO) refer to the 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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here is your answer..
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Open market operations (OMO) refer to the 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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Answer:
Open market operations refers to the sale and purchase of the securities in the open market by the RBI on behalf of the government .
Explanation:
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