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RBI conducts first-ever OMO in state bonds, buys Rs 10,000 cr under scheme

Lowest cut-off yield offered for Karnataka's 9-year bond at 6.4746%, highest for Jammu & Kashmir's 10-year SDL at 6.6813%

Topics
RBI | open market operations | State Development Loans

Anup Roy  |  Mumbai 



RBI
The OMOs in SDLs are a special case this year, but could become the norm going forward if the markets are enthusiastic enough to trade the papers in the secondary markets.

The Reserve Bank of India (RBI) conducted the first open market operation (OMO) in (SDLs) on Thursday, buying Rs 10,000 crore of securities under the scheme.

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First Published: Thu, October 22 2020. 18:52 IST

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