what is the process of buying a d selling of various assets by the RBI is known as
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Why has RBI gone for only USD and not for selling it
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The process is known as open market operations.
- The Reserve Bank efficiently performs the concurrent purchases and potential sales of government securities under open market operations.
- The informed decision to follow OMO was considered based on a comprehensive study of liquidity and financial conditions.
- The operations progressively increase or contract money in the financial system and control interest rates.
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