India, Dec. 7 -- Amid liquidity crunch in the financial system, the Reserve Bank of India's (RBI) deputy governor Viral Acharya has said that the Central Bank will continue to inject liquidity into the banking system through open market operation (OMO) purchases till the end of this fiscal (FY19). The RBI has conducted OMO purchases to the tune of Rs 1.36 trillion in the current financial year, with over Rs 1 trillion of the infusion in the last three months.

Acharya said 'We expect that this increased frequency and quantum of OMO purchases may be required until end of March, but the exact calibration will depend on sustained changes in the behaviour of currency in circulation and the magnitude of sterilisation for RBI's forex operation, w...