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RBI to sell Rs 10,000 cr govt bonds via open mkt operations

Press Trust of India  |  Mumbai 

The Reserve today said it would sell bonds worth Rs 10,000 crore through Open Market Operations (OMO) to mop up liquidity from the system.

"Based on the current assessment of prevailing and evolving liquidity conditions, the RBI has decided to conduct sale of securities under Open Market Operations for an aggregate amount of Rs 100 billion on October 26, 2017 through multi-security auction using the multiple price method," the central said in a statement.

As part of the OMO, the RBI will sell securities maturing in 2020 (bearing of 8.19 per cent), 2021 (8.79 per cent), 2022 (8.13 per cent), 2025 (7.72 per cent) and 2028 (8.60 per cent).

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

First Published: Fri, October 13 2017. 21:22 IST