With the latest announcement, OMO purchases by December-end will cross Rs 1.5 trillion
The flip side is that while they shield you from credit risk, they aren't tax-efficient and are prone to interest-rate volatility
Surplus cash held by banks dropped to Rs 380 billion as of May 3 from a high of Rs 1.1-trillion in April
State-owned banks such as Bank of Baroda and Allahabad Bank also declined 4%
Move may impact fiscal deficit target of 3.2% of GDP
The 7.59 per cent government security maturing in 2026 gained to Rs 108.03 from Rs 107.05 previously
The debt auction quota gives overseas investors the right to invest in the debt
Among the BRIC nations, India has the third largest holding of these securities after China and Brazil
Both competitive and non-competitive bids for the auction has to be submitted in an electronic format