RBI advances OMO purchase auction scheduled for March 26-30

RBI advances OMO purchase auction scheduled for March 26-30


The Reserve Bank of India (RBI) had announced its intent to purchase Government securities under Open Market Operations (OMOs) for an aggregate amount of Rs30,000cr on March 20, 2020.

The first tranche is scheduled to be conducted on March 24, 2020, and the second tranche is scheduled for March 30, 2020.

On a review of current liquidity and financial conditions, the Reserve Bank has decided to advance the second tranche of purchase of Government securities under Open Market Operations (OMOs) for Rs15,000cr to March 26, 2020 (originally scheduled to be conducted on March 30, 2020).

There is no notified amount against any of these securities within the aggregate ceiling of Rs15,000cr set for the operation.

The Reserve Bank reserves the right to decide on the quantum of purchase of individual securities, accept offers for less than or higher than the aggregate amount of Rs15,000cr (including due to rounding off) and also to accept or reject any or all the offers either wholly or partially without assigning any reason.




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