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Date : Jan 18, 2016
Reserve Bank Announces OMO Purchase of Government of India Dated Securities for ₹ 100 billion on January 20, 2016

Based on the current assessment of prevailing and evolving liquidity conditions, the Reserve Bank has decided to conduct purchase of Government securities under Open Market Operations for an aggregate amount of ₹100 billion on January 20, 2016 (Wednesday) through multi-security auction using the multiple price method:

Sr. No Security Date of Maturity
1 7.28% GS 2019 03-Jun-2019
2 8.83% GS 2023 25-Nov-2023
3 7.72% GS 2025 25-May-2025
4 7.88% GS 2030 19-Mar-2030

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 less than the aggregate amount of ₹100 billion.

  • Purchase marginally higher than the aggregate amount due to rounding off effects and other relevant factors.

  • Accept or reject any or all of 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 January 20, 2016 (Wednesday). Only in the event of system failure, physical offers would be accepted. Such physical offer should be submitted to Financial Markets Operations Department (email; Phone no: 022-22630982) in the prescribed form obtainable from RBI website (www.rbi.org.in)

The result of the auction will be announced on the same day and payment to successful participants will be made during banking hours on January 21, 2016 (Thursday).Successful participants may note to make available the requisite amount of securities in their SGL account by 12 noon on January 21, 2016 (Thursday).

Ajit Prasad
Assistant Adviser

Press Release : 2015-2016/1690


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