RBI to conduct simultaneous purchase, sale of govt securities via OMO on April 27
The Reserve Bank of India (RBI) on Thursday announced to conduct simultaneous purchase and sale of government securities under Open Market Operations (OMO) for Rs 10,000 crores each on April 27.
The Reserve Bank of India (RBI) on Thursday announced to conduct simultaneous purchase and sale of government securities under Open Market Operations (OMO) for Rs 10,000 crores each on April 27.
The central bank will purchase certain securities using the multiple price auction method with tenor between six to ten years.
Simultaneously, it will sell securities using the multiple price auction method with tenor between two to twelve months.
The Reserve Bank reserves the right to decide on the quantum of purchase/sale of individual securities; accept bids/offers for less than the aggregate amount; purchase/sell marginally higher/lower than the aggregate amount due to roundingoff and accept or reject any or all the bid/offers either wholly or partially without assigning any reasons, the RBI statement said.
First Published: Apr 23, 2020 12:25 PM IST
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