RBI Announces Special Open Market Operations (OMO) Simultaneous Purchase and Sale of Government of India Securities - આરબીઆઈ - Reserve Bank of India
RBI Announces Special Open Market Operations (OMO) Simultaneous Purchase and Sale of Government of India Securities
The Reserve Bank had announced vide its press release dated August 31, 2020 special simultaneous purchase and sale of government securities under Open Market Operations (OMOs) for an aggregate amount of ₹20,000 crores in two tranches of ₹10,000 crores each. The first auction was conducted on September 10, 2020. The second auction is scheduled for September 17, 2020. 2. Accordingly, the details of securities for the simultaneous purchase and sale of government securities under Open Market Operations (OMOs) for ₹10,000 crores each on September 17, 2020 are as follows: Purchase The Reserve Bank will purchase the following securities using the multiple price auction method:
Sale The Reserve Bank will simultaneously sell the following securities using the multiple price auction method:
3. The Reserve Bank reserves the right to:
4. Eligible participants should submit their bids/offers in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 10:00 am and 11:00 am on September 17, 2020. Only in the event of system failure, physical bids/offers would be accepted. Such physical bid/offer should be submitted to Financial Markets Operations Department (email; Phone no: 022-22630982) in the prescribed form obtainable from RBI website (/en/web/rbi/forms) before 11.00 am. 5. The result of the auctions will be announced on the same day and successful participants should ensure availability of funds/securities in their Current account/SGL account, as the case may be, by 12 noon on September 18, 2020. (Yogesh Dayal) Press Release : 2020-2021/328 |