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Date : Dec 04, 2018
RBI Announces OMO Purchase of Government of India Dated Securities

Based on an assessment of prevailing liquidity conditions and also of the durable liquidity needs going forward, the Reserve Bank has decided to conduct purchase of the following Government securities under Open Market Operations for an aggregate amount of ₹ 100 billion on December 06, 2018 (Thursday) through multi-security auction using the multiple price method:

Sr. No Security Date of Maturity
1 8.35% GS 2022 14-May-2022
2 7.68% GS 2023 15-Dec-2023
3 6.79% GS 2027 15-May-2027
4 7.59% GS 2029 20-Mar-2029
5 8.24% GS 2033 10-Nov-2033

There is an overall aggregate ceiling of ₹ 100 billion for all the securities in the basket put together. There is no security-wise notified amount.

RBI reserves the right to:

  • Decide on the quantum of purchase of individual securities.

  • Accept offers for less than the aggregate amount of ₹ 100 billion.

  • Purchase marginally higher than the aggregate amount due to rounding-off effects.

  • Accept or reject any or all the offers either wholly or partially without assigning any reason.

The eligible participants should submit their offers in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 10.30 a.m. and 12.00 noon on December 06, 2018 (Thursday). Only in the event of system failure, physical offers would be accepted. Such physical offer should be submitted to Financial Markets Operations Department (Please click here to send email; Phone no: 022-22630982) in the prescribed form obtainable from RBI website (https://www.rbi.org.in/Scripts/BS_ViewForms.aspx) before 12.00 noon.

The result of the auction will be announced on the same day and payment to successful participants will be made during banking hours on December 07, 2018 (Friday). Successful participants should ensure availability of requisite amount of securities in their SGL account by 12 noon on December 07, 2018 (Friday).

Ajit Prasad
Assistant Adviser

Press Release : 2018-2019/1288


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