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RBI Announces Special Open Market Operations Of Government of India Securities

Capital Market 

The Reserve Bank of India, on a review of current liquidity and financial conditions, has decided to conduct simultaneous purchase and sale of government securities under Open Market Operations (OMO) for an aggregate amount of ₹10,000 crores each on November 26, 2020. The Reserve Bank will purchase and will simultaneously sell the securities using the multiple price auction method. 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 rounding-off, accept or reject any or all the bid/offers either wholly or partially without assigning any reasons.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Fri, November 20 2020. 09:49 IST
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