RBI Announces OMO Purchase of Government of India Dated Securities - ਆਰਬੀਆਈ - Reserve Bank of India
RBI Announces OMO Purchase of Government of India Dated Securities
Based on an assessment of prevailing liquidity conditions and also of the durable liquidity needs going forward, the Reserve Bank has decided to conduct purchase of the following Government securities under Open Market Operations for an aggregate amount of ₹150 billion on June 13, 2019 (Thursday) through multi-security auction using the multiple price method:
There is an overall aggregate ceiling of ₹150 billion for all the securities in the basket put together. There is no security-wise notified amount. RBI reserves the right to:
The eligible participants should submit their 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 June 13, 2019 (Thursday). Only in the event of system failure, physical offers would be accepted. Such physical 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. The result of the auction will be announced on the same day and payment to successful participants will be made during banking hours on June 14, 2019 (Friday). Successful participants should ensure availability of requisite amount of securities in their SGL account by 12 noon on June 14, 2019 (Friday). Ajit Prasad Press Release: 2018-2019/2915 |