In India, which of the following institutions conducts Open Market Operations (OMOs) to manage money supply effectively?
Reserve Bank of India (RBI)
Open Market Operations (OMOs) are the buying and selling of government securities in the open market by the central bank to regulate liquidity and money supply in the economy.
In India, this monetary policy tool is exercised exclusively by the Reserve Bank of India (RBI), the country's central bank.
NABARD is a development bank for agriculture and rural credit, SEBI regulates securities markets, and individual state-owned banks are only participants, not conductors of OMOs.
Hence, Open Market Operations in India are conducted by the Reserve Bank of India (RBI).
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