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Date : Jan 07, 2021
RBI Announces Special Open Market Operations (OMO) Simultaneous Purchase and Sale of Government of India Securities

On a review of current liquidity and financial conditions, the Reserve Bank has decided to conduct simultaneous purchase and sale of government securities under Open Market Operations (OMO) for an aggregate amount of ₹10,000 crores each on January 14, 2021.

2. Accordingly, the details of securities for the simultaneous purchase and sale of government securities under Open Market Operations (OMOs) for ₹10,000 crores each on January 14, 2021 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 IN0020200112 5.22% GS 2025 15-Jun-2025 ₹10,000 crores
(There is no security-wise notified amount)
2 IN0020200153 5.77% GS 2030 03-Aug-2030
3 IN0020160100 6.57% GS 2033 05-Dec-2033

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 IN0020110030 8.79% GS 2021 08-Nov-2021 ₹10,000 crores
(There is no security-wise notified amount)
2 IN0020060037 8.20% GS 2022 15-Feb-2022

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 January 14, 2021. 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) 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 January 15, 2021.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2020-2021/904


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