RBI buys bonds worth Rs 10,000 cr through OMO

Total amount offered by participants in the auction for four bonds were at Rs. 54,413.30 crore

The Reserve Bank of India (RBI) on Monday bought Rs 10,000 crore of bonds from the secondary market as part of its open market operations (OMO).

The total amount offered by participants in the auction for four bonds was Rs 54,413.30 crore. But the central bank accepted no offer for a bond maturing in 2030. In the auction, the central bank bought bonds maturity is in 2018, 2019 and 2024 for a cut off yield of 7.5006 per cent, 7.6602 per cent and 7.9152 per cent respectively.

This was the first OMO purchase operation this financial year even as the central bank had sold Rs 8,270 crore through OMO sales in July.