RBI Announces Special Open Market Operations (OMO) Simultaneous Purchase and Sale of Government of India Securities - ربی - Reserve Bank of India
RBI Announces Special Open Market Operations (OMO) Simultaneous Purchase and Sale of Government of India Securities
On a review of current liquidity and financial conditions, the Reserve Bank has decided to conduct simultaneous purchase and sale of Government securities under Open Market Operations (OMO) for an aggregate amount of ₹10,000 crore each on March 25, 2021. 2. Accordingly, the details of securities for the simultaneous purchase and sale of Government securities under Open Market Operations (OMOs) are as under: 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 March 25, 2021. 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 March 26, 2021. 6. The Reserve Bank will continue to monitor evolving liquidity and market conditions and take measures as appropriate to ensure orderly functioning of financial markets. (Yogesh Dayal) Press Release: 2020-2021/1262 |