RBI announces Open Market Operations (OMO) Purchase of Government of India Securities - RBI - Reserve Bank of India
RBI announces Open Market Operations (OMO) Purchase of Government of India Securities
On a review of current liquidity and financial conditions, the Reserve Bank has decided to conduct purchase of Government securities under Open Market Operations (OMO) for an aggregate amount of ₹10,000 crores on January 21, 2021. 2. Accordingly, the Reserve Bank will purchase the following Government securities through a multi-security auction using the multiple price method:
3. The Reserve Bank reserves the right to:
4. Eligible participants should submit their bids in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 10:00 am and 11:00 am on January 21, 2021. Only in the event of system failure, physical bids would be accepted. Such physical bid 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 securities in their SGL account by 12 noon on January 22, 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: 2020-2021/954 |