Acts & Laws

Finance Act, 2016

On UPSC.wiki

Current affairsRBI Open Market Operations (OMO) September 2026: ₹1 Lakh Crore Bond Sales to Drain Durable LiquidityThe Reserve Bank of India (RBI) announced open market operations (OMO) bond sales worth ₹1 lakh crore (₹1 trillion) in three tranches scheduled for September 17, 21, and 28, 2026, to absorb excess durable liquidity from the banking system, which had surged to over ₹10.43 trillion — pushing overnight rates below the RBI's policy repo rate floor.

In previous-year questions

The Monetary Policy Committee (MPC) of the Reserve Bank of India, which sets the policy repo rate, was established under which provision of the RBI Act, 1934?UPSC · Current Affairs

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