What is sold and purchased during Open Market Operations by RBI?

What is sold and purchased during Open Market Operations by RBI?
[A]Government Securities
[B]Commercial Papers
[C]Certificates of Deposits
[D]Global Depository Receipts

Government Securities
OMOs are conducted by the RBI via the sale/purchase of government securities to/from the market with the primary aim of modulating rupee liquidity conditions in the market OMOs are an effective quantitative policy tool in the armoury of the RBI, but are constrained by the stock of government securities available with it at a point in time

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This question "What is sold and purchased during Open Market Operations by RBI?" was published on GKToday on May 30, 2015 at 3:57 pm. For Current Affairs Questions Archive Click Here. For General Knowledge Questions Archive Click Here.

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