RBI Announces Special Open Market Operation (OMO) Purchase and Sale of Government of India Dated Securities - RBI - 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 January 23, 2020 (Thursday). The details of securities 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. The Reserve Bank reserves the right to:
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 January 24, 2020 (Friday). (Yogesh Dayal) Press Release: 2019-2020/1722 |