Page 5 - Open Market Operations
RBI to conduct third auction of SDLs via open market operations next week
The Reserve Bank of India will conduct the third auction of state developments loans (SDLs) aggregating Rs 10,000 crore under the Open Market Operations (OMO) on December 23. The Reserve Bank has conducted two OMOs in SDLs covering all states/UTs for a cumulative amount of Rs 20,000 crore. The first-ever auction under OMOs in SDLs was conducted in October and the second in November. "It has now been decided to conduct another purchase auction of SDLs under Open Market Operations (OMOs) for an aggregate amount of Rs 10,000 crore on December 23, 2020," it said in a statement. The central bank will purchase the SDLs through a multi-security auction using the multiple price method. There is no security wise notified amount. The RBI had decided to conduct OMOs in SDLs as a "special case" during the current financial year with an aim to improve liquidity and facilitate efficient pricing. At present, SDLs are eligible collateral for Liquidity Adjustment Facility (LAF) along with T-bills,
 "RBI to conduct third auction of SDLs via open market operations next week")
RBI to conduct simultaneous purchase and sale of govt securities next week
RBI said it will conduct simultaneous purchase and sale of government securities under the Open Market Operations for an aggregate amount of Rs 10,000 crore each on December 17
 "RBI to conduct simultaneous purchase and sale of govt securities next week")
F Born AG sells Tata Coffee shares worth over Rs 23 crore via open mareket
F Born AG on Tuesday sold more than 22 lakh shares of Tata Coffee Ltd, worth over Rs 23 crore, through an open market transaction.
 "F Born AG sells Tata Coffee shares worth over Rs 23 crore via open mareket")
States facing increasing redemption pressure as borrowings have zoomed
RBI report lauds Odisha, Haryana for dipping into own 'rainy funds' instead of borrowing more; views Gujarat, UP and Punjab as over-leveraged
 "States facing increasing redemption pressure as borrowings have zoomed")
RBI conducts first-ever OMO in state bonds, buys Rs 10,000 cr under scheme
Lowest cut-off yield offered for Karnataka's 9-year bond at 6.4746%, highest for Jammu & Kashmir's 10-year SDL at 6.6813%
 "RBI conducts first-ever OMO in state bonds, buys Rs 10,000 cr under scheme")
RBI to conduct first OMO for state bonds worth Rs 10,000 cr on Oct 22
Size may be enhanced in the subsequent auctions depending on market response
 "RBI to conduct first OMO for state bonds worth Rs 10,000 cr on Oct 22")
Bond market cheers as RBI accepts full Rs 20,000 cr in first outright OMO
The central bank received bids for Rs 1,13,654 crore, or over 5x the Rs 20,000 crore amount on offer
RBI move to conduct OMO on state development loans could be a game changer
By facilitating the OMOs, the central bank is assuming a much bigger role than earlier. Some have started comparing the RBI with European Central Bank
RBI governor urges bond market to cooperate, announces outright OMO support
While not exactly announcing an OMO calendar for secondary-market bond purchases, the OMO size has been doubled to Rs 20,000 crore in each operation
 "RBI governor urges bond market to cooperate, announces outright OMO support")
RBI is buying the bonds from the backdoor anonymously, shows data
May have given primary dealers a way to square off positions, shows data
Centre keeps borrowing programme unaltered at Rs 4.34 trillion in H2
To borrow Rs 4.34 trillion in 16 weekly tranches till Jan-end for the second half of the financial year
 "Centre keeps borrowing programme unaltered at Rs 4.34 trillion in H2")
RBI devolves 10-yr bond auction for fourth time, underwriters step in
Bond dealers say the central bank has singled out the 10-year bonds as marquee rate setting bonds and is trying to put out a forceful rate signal
 "RBI devolves 10-yr bond auction for fourth time, underwriters step in")
RBI announces special OMOs to buy, sell G-Secs worth Rs 10,000 cr each
On October 1, the RBI would purchase three securities totalling Rs 10,000 crore and selling two securities of the same amount
RBI rejects bids worth Rs 664.73 bn at first open market bond buy in FY21
Central bank had planned to buy up to Rs 100 billion ($1.35 billion) worth of six-year to 11-year papers at an open market operation.
Govt's total liabilities rise to Rs 101.3 trn in Q1: Finmin report
Public debt accounted for 91.1 per cent of total outstanding liabilities at end-June 2020, the quarterly report on public debt management released on Friday said
RBI gets more elbow room for bond purchases as banks return borrowed money
The Reserve Bank of India on Thursday said it would buy 100 billion rupees ($1.4 billion) of bonds from the secondary market on Sept. 24
 "RBI gets more elbow room for bond purchases as banks return borrowed money")
RBI announces OMO for sale, purchase of govt securities of Rs 10,000 cr
RBI will conduct simultaneous purchase and sale of government securities under the Open Market Operation (OMO) for Rs 10,000 crore each on September 10, the central bank said on Monday
RBI steps in with measures to boost demand for bonds, cool down yields
Says it is comfortable with a rising rupee, which helps bring down import-led inflation, adds that it remains "committed to ensuring comfortable liquidity and financing conditions in the economy"
RBI announces OMO for sale, purchase of govt securities worth Rs 10k cr
The RBI had announced, on August 25, simultaneous purchase and sale of government securities under OMO for an aggregate amount of Rs 20,000 crore in two tranches of Rs 10,000 crore each
RBI steps into bond market with Operation Twist to cool down yields
Under the mechanism, the apex bank buys long-term bonds and sells short-term bonds. This cools down long-term yields, raises short-term yields, but keeps liquidity neutral
 "RBI steps into bond market with Operation Twist to cool down yields")
