RBI To Inject Rs 40,000-Crore Liquidity Into System In November

The Reserve Bank of India (RBI) on Friday said it would buy Rs 40,000 crore ($5.45 billion) worth of government bonds via open market operations (OMO) in November to inject liquidity into the market. The move comes amid worries of a liquidity crunch after defaults at one of the country's largest infrastructure financing companies.