"There is a low probability of OMO sales by the RBI in December and January. Structurally, liquidity will stay low with the expected rise in currency in circulation and advance tax payments," said Debopam Chaudhuri, chief economist at Piramal Group.
Announcing the outcome of the Monetary Policy Committee meeting on October 6, RBI governor Shaktikanta Das had spooked the bond market by announcing the intention to conduct OMO sales to mop up excess liquidity from the banking system.
However, OMO auctions did not happen in October and November due to tight liquidity conditions.
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