RBI declares particular RBI OMOs even after charges have gone up out there even with none liquidity. The OMOs introduced are of rupees twenty thousand crores that are to be auctioned on August 27 and September 3. Jayesh Mehta of BOFA joined ET Now to offer his insights on RBI’s resolution.
He shared his views on the elevated charges and liquidity side whereas explaining that it’s certainly a particular time and strange circumstances given the COVID-19 pandemic. He additionally defined MPC’s for final week. Concerning the query of help from Central Bank, he talked about that in fact, the verbal help will probably be there, nevertheless folks should be assured that they will not undergo any main losses.