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Date : Apr 23, 2020
RBI Announces Special Open Market Operations (OMO) of Simultaneous Purchase and Sale of Government of India Securities

On a review of current and evolving liquidity and market conditions, the Reserve Bank has decided to conduct simultaneous purchase and sale of government securities under Open Market Operations (OMO) for ₹ 10,000 crores each on April 27, 2020. The details of securities are as follows:

Purchase

The Reserve Bank will purchase the following securities using the multiple price auction method:

Sr. No ISIN Security Date of Maturity Aggregate Amount
1 IN0020150093 7.59% GS 2026 11-Jan-2026 ₹ 10,000 crores
(There is no security-wise notified amount)
2 IN0020170174 7.17% GS 2028 08-Jan-2028
3 IN0020180454 7.26% GS 2029 14-Jan-2029
4 IN0020160019 7.61% GS 2030 09-May-2030

2. Sale

The Reserve Bank will simultaneously sell the following securities using the multiple price auction method:

Sr. No ISIN Security Date of Maturity Aggregate Amount
1 IN002019U108 77 DCMB 16062020 16-Jun-2020 ₹ 10,000 crores
(There is no security-wise notified amount)
2 IN002019U116 84 DCMB 23062020 23-Jun-2020
3 IN002020Y025 182 DTB 15102020 15-Oct-2020
4 IN002020Z022 364 DTB 15042021 15-Apr-2021

3. The Reserve Bank reserves the right to:

  • decide on the quantum of purchase/sale of individual securities.

  • accept bids/offers for less than the aggregate amount.

  • purchase/sell marginally higher/lower than the aggregate amount due to rounding-off.

  • accept or reject any or all the bid/offers either wholly or partially without assigning any reasons.

4. Eligible participants should submit their bids/offers in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 10:00 am and 11:00 am on April 27, 2020. Only in the event of system failure, physical bids/offers would be accepted. Such physical bid/offer should be submitted to Financial Markets Operations Department (email; Phone no: 022-22630982/022-27595515) in the prescribed form obtainable from RBI website (https://www.rbi.org.in/Scripts/BS_ViewForms.aspx) before 11.00 am.

5. The result of the auctions will be announced on the same day and successful participants should ensure availability of funds/securities in their Current account/SGL account, as the case may be, by 12 noon on April 28, 2020.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2019-2020/2260


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