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RBI to conduct simultaneous sale-purchase of govt securities next week

The decision was taken after a review of current liquidity and financial conditions, RBI said in a statement

Topics
RBI | open market operations | Government securities

Press Trust of India  |  Mumbai 

RBI
The result of the auctions will be announced on the same day.

The Reserve Bank of India on Thursday announced that it will conduct simultaneous purchase and sale of under (OMO) on March 10.

The decision was taken after a review of current liquidity and financial conditions, said in a statement. On March 10, will purchase four of different maturity dates aggregating to Rs 20,000 crore and sell three securities aggregating to Rs 15,000 using the multiple price auction method.

Further, the central bank said it reserves the right to decide on the quantum of purchase/ sale of individual securities.The result of the auctions will be announced on the same day.

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First Published: Thu, March 04 2021. 20:59 IST
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