Press Releases

PDF document (328 kb)
Date : Jun 29, 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 July 02, 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 IN0020170026 6.79% GS 2027 15-May-2027 ₹ 10,000 crores
(There is no security-wise notified amount)
2 IN0020180454 7.26% GS 2029 14-Jan-2029
3 IN0020170042 6.68% GS 2031 17-Sep-2031
4 IN0020160100 6.57% GS 2033 05-Dec-2033

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 IN002020Y025 182 DTB 15102020 15-Oct-2020 ₹ 10,000 crores
(There is no security-wise notified amount)
2 IN002020Y033 182 DTB 22102020 22-Oct-2020
3 IN002020Z030 364 DTB 22042021 22-Apr-2021
4 IN002020Z048 364 DTB 29042021 29-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 July 02, 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 July 03, 2020.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2019-2020/2560


2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
Archives
Top