RBI Announces special Open Market Operation (OMO) Purchase and Sale of Government of India Dated Securities - ಆರ್ಬಿಐ - Reserve Bank of India
RBI Announces special Open Market Operation (OMO) Purchase and Sale of Government of India Dated Securities
On a review of the current liquidity and market situation and an assessment of the evolving financial conditions, the Reserve Bank has decided to conduct simultaneous purchase and sale of government securities under Open Market Operations (OMO) for ₹10,000 crores each on December 23, 2019 (Monday). The details are as follows: Purchase The Reserve Bank will purchase the following security using the multiple price auction method:
Sale The Reserve Bank will also sell the following securities using the multiple price auction method:
2. Reserve Bank reserves the right to:
3. The eligible participants should submit their bids/offers in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 10.30 a.m. and 12.00 noon on December 23, 2019 (Monday). 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 12.00 noon. 4. 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 December 24, 2019 (Tuesday). Ajit Prasad Press Release: 2019-2020/1467 |