The Reserve Bank of India on Tuesday, announced open market operations (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.

The different classes of security include 7.80% GS 2021, 8.83% GS 2023, 7.59% GS 2026, 7.59% GS 2029, 7.88% GS 2030, 7.50% GS 2034. 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 decide on the quantum of purchase of individual securities, accept offers for less than the aggregate amount of ₹150 billion, purchase marginally higher than the aggregate amount due to rounding-off effects, accept or reject any or all the offers either wholly or partially without assigning any reason.

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). 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).


0 thoughts on “RBI Announces OMO Purchase of Government of India Dated Securities”

Post Comment

  Stock Tips

Intraday trading is an art of earning money from stock market and it requires a lot of patience and time to allocate in the daily schedule. But to see money from market is not an easy thing which it always do not gives opportunity with high profits. Many people do not have time to do intraday trading in their daily jobs in office or business. But here we make it very simple and easy.

View My Stats