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RBI Announces OMO Purchase of Government of India Dated Securities
November, 14th 2013

As announced today, the Reserve Bank has decided to conduct Open Market Operations by purchasing the following government securities for an aggregate amount of Rs. 8,000 crore on November 18, 2013 (Monday) through multi-security auction using the multiple price method:

Sr. No

Security

Date of Maturity

1

7.17% GS 2015

June 14, 2015

2

7.59% GS 2016

April 12, 2016

3

7.83% GS 2018

April 11, 2018

4

8.20% GS 2025

September 24, 2025

The auction shall be conducted by the Financial Markets Department, Reserve Bank of India, Fort, Mumbai on November 18, 2013 (Monday).

Market participants may take note of the following:

There is an overall aggregate ceiling of Rs. 8,000 crore 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 Rs. 8,000 crore.

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

  • 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 November 18, 2013 (Monday). Any physical offer should be submitted to Mumbai Office (Public Accounts Department) in the prescribed form obtainable from the Regional Director, Reserve Bank of India, Mumbai Office, Fort, Mumbai-400001 and/or RBI website (www.rbi.org.in)

The result of the auction will be announced on the same day and payment to successful offerers will be made during banking hours on November 19, 2013 (Tuesday). Successful offerers may note to make available the requisite amount of securities in their SGL account by 12 noon on November 19, 2013 (Tuesday).

Alpana Killawala
Principal Chief General Manager

Press Release : 2013-2014/989

 
 
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