Rana sent to judicial custody

The Reserve Bank of India (RBI) on Friday announced that it would purchase government securities worth Rs 30,000 crore through open market operations (OMO) in two tranches this month. This is the second big OMO announcement by RBI in two days. The central bank concluded a Rs

10,000-crore purchase programme for dated government securities on March

20.

"With the Covid-19 related dislocations, stress in certain financial market segments is still severe and financial conditions remain tight," the RBI said in a release.

"Accordingly, on a review of the current liquidity and financial conditions, the Reserve Bank has decided to conduct purchase of government securities under OMOs for an aggregate amount of Rs 30,000 crore in two tranches of Rs 15,000 crore each in the month of March 2020. The auctions would be conducted on March 24, 2020 and March

30, 2020," the apex bank

added.

Under the latest OMO scheme, the RBI will purchase government securities maturing in between 2022 and 2029. The securities were issued with a coupon rate of 6.84 per cent, 7.72 per cent, 8.33 per cent and 7.26 per cent.

Mumbai, March 20: Yes Bank founder Rana Kapoor, arrested in a money laundering case, is "easily susceptible" to getting infected by the coronavirus in prison, his lawyer told a court here on Friday.

Kapoor, arrested by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act earlier this month, was remanded to judicial custody till April 2 as the investigation agency did not seek his further remand.

The CBI, meanwhile, obtained a production warrant against him in another case.

As his remand ended, the ED produced Kapoor, before the court here.

When the judge asked if he had any complaints, Kapoor said he has been suffering from asthma, has low immunity, and he was in acute depression.

His lawyer, said a person with low immunity is "easily susceptible" to catching coronavirus.