RBI To Inject Rs 37,500 Crore Through OMO In February
The Reserve Bank of India has stated that it will inject Rs 37,500 crore into the system through the purchase of government securities in February to increase liquidity.
RBI stated that it has decided to conduct the purchase of government securities under Open Market Operations (OMOs) for an aggregate amount of Rs 375 billion in the month of February 2019.
India Ranks 54th In 'Bloomberg Innovation Index’ Of 60 Economies
India has been ranked in Bloomberg’s 2019 list of most innovative countries in the world - 2019 Bloomberg Innovation Index - for the first time ever. India has grabbed the 54th spot with a score of 47.93 out of 100 in the Innovation Index of 60 economies.
South Korea has topped the Index for the sixth time in a row with a total score of 87.38, followed by Germany and Finland.