Ca Rover Holdings on Friday sold shares of SBI Cards and Payment Services Ltd worth about Rs 4,811 crore through open market transactions on BSE and NSE.
This is because while HTM stock can't be sold in OMOs, that may not be the case with G-SAP: Experts
RBI should not undermine the price and financial stability objectives
Central bank announces variable rate reverse repo auctions (VRRR) to suck out liquidity
RBI paper has said going ahead outright OMOs along with Operation Twists will continue to be potent tools in the central bank's arsenal
CA Rover Holdings on Wednesday divested 4.25 per cent stake in SBI Cards and Payment Services Ltd for Rs 3,943 crore through an open market transaction.
Since August, the central bank has tried to keep the 10-year yields below 6 per cent.
The central bank said it will conduct simultaneous purchase and sale of government securities for Rs 10,000 crore each under Open Market Operations
In a notification on its website, the central bank said it would buy Rs 20,000 crore of bonds from the secondary market, and sell Rs 15,000 crore of bonds
The decision was taken after a review of current liquidity and financial conditions, RBI said in a statement
This shows that contrary to what the bond market says, the RBI is pumping in enough liquidity in the system
RBI devolves over Rs 20,000 crore in Rs 31,000-crore bond auctions
China's central bank pumped cash into the financial system through open market operations
The central bank is offering commissions as high as 50 paise per Rs 100 face value for a bond maturing in 2050, compared with just 1.24 paise on April 30, 2020
The central bank on Friday devolved nearly the entire bond auction on primary dealers, as the markets were demanding higher yields for five-year and 10-year bonds being sold
The Reserve Bank of India (RBI) said on Monday it plans to buy bonds worth Rs 20,000 crore through open market operations (OMOs)
There is an outside chance of the central bank announcing a rate cut in its monetary policy on Friday, since growth at any cost remains the mantra
The Reserve Bank of India will conduct simultaneous purchase and sale of government securities under open market operations for Rs 10,000 crore each on January 7
FPA Global Opportunity Fund on Tuesday sold nearly 10 lakh shares of CARE Ratings Ltd worth about Rs 52 crore through an open market transaction.