Page 6 - Open Market Operations

Top headlines: Apple's first online store in India, RBI' OMOs, and more

Here are the top headlines of the day

Reserve Bank announces OMOs worth Rs 20,000 crore to maintain liquidity

The two tranches will be worth Rs 10,000 crore each on multi-security auction using multiple price method, the central bank said in a statement

Monetary policy: RBI measures preserved financial stability, says Das

The RBI's monetary policy committee has kept the repo rate unchanged at 4 per cent, amid rising inflationary pressure and a grim economic outlook

Govt's total liabilities rise by 0.8% to Rs 94.62 trillion in Q4FY20

During January-March 2020, the government raised Rs 2.3 trillion through the issuance of Cash Management Bills

RBI to do buy-sell OMO of Rs 10,000 cr keeping in mind liquidity in banks

Such bond buy and sell operations soften long-term yields that help govt borrow cheap; they also give apex bank enough long-term bonds to support its liquidity operations

Monetising fiscal deficit via secondary OMOs right way: Uday Kotak

If we keep subsidising or protecting businesses that are not able to compete, we have an issue. I would expect the market to be able to sort things out, says Uday Kotak

Looking beyond the rate cut

Credit guarantees from government, deficit financing by the RBI and an HTM hike for banks are the only solutions that can get the wheel of credit and investment rolling

How to bring banks back to the credit market

Concerted efforts are required from the central bank and the government

The Indian version of quantitative easing

By resorting to the two-step OMOs, the RBI is managing the yield at both the shorter as well as the longer end

RBI considers standing deposit facility to manage extra liquidity

No firm decision has been reached on this, said sources. The SDF, when introduced, will become the lower bound of the corridor for the liquidity management window.

Coronavirus impact: Centre's borrowing won't be cheap this time

Wary of supply, bond dealers asked for sharp increase in rates from state governments during Wednesday's auction.

Cash-starved and desperate, states borrow at steep rate in lockdown

According to the schedule, 19 states had lined up to borrow up to Rs 37,500 crore, but they managed to raise Rs 32,560 crore.

RBI advances OMO date, announces repo of Rs 1 trn in two tranches

The central bank has announced a series of measures to tide over any liquidity issues caused by the Coronavirus dislocation in the markets

RBI buys bonds worth Rs 10k cr, to conduct 2 more OMOs of Rs 30k cr

The central bank received bids worth Rs 45,049 crore for Friday's open market operation

RBI to inject Rs 30k cr into market for financial stability amid Covid-19

The central bank infused Rs 10,000 crore through open market operations on Friday

To maintain liquidity, RBI to purchase Rs 10,000-crore govt bonds via OMO

The central bank will conduct open market operations (OMO) on March through a multi-security auction

RBI announces OMO purchase of Rs 10,000-cr govt dated securities

The government securities will be purchased through a multi-security auction using the multiple price method

Policy challenges of India's trek to bond indices

If the volatility in the financial market continues for a prolonged period, it could also result in important implications for asset prices

RBI buys Rs 10,000 cr of long-term securities in 4th special open mkt ops

The cut-off yield for 7.32 per cent-2024 was 6.408 per cent, while for 6.45 per cent-2029, it was 6.5780 per cent

Ahead of Budget 2020, FPIs reduce bond exposure on unfavourable cues

There is fear that the RBI has no wiggle room for further rate cuts. Without rate support, yields will rise. This translates into a fall in prices for bonds