RBI to inject additional Rs 30,000 cr to maintain financial stability in wake of COVID-19 outbreak

The Reserve Bank of India annunced to infuse additional liquidity with a second tranche of bond purchase worth Rs. 30,000 crores amid the Covid-19 pandemic.
The RBI will conduct purchase of government securities under open market operations (OMOs) for an aggregate amount of Rs 30,000 crore in two tranches of Rs 15,000 crore each in March. The auctions would be conducted on March 24 and March 30.
Earlier, RBI had done the first tranche of OMO following the tightness in the commercial paper market.
Also, the central bank infused Rs 10,000 crore through open market operations.
RBI governor Shaktikanta Das had announced that the RBI has enough policy tools and stands ready to take any measures" needed to help the economy tide over the impact of the coronavirus pandemic.