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RBI-Reserve Bank of India Announces OMO Sales of Government of India Dated Securities
November, 05th 2014

On an assessment of current and evolving liquidity conditions, Reserve Bank has decided to conduct sale of government securities under Open Market Operations for an aggregate amount of ` 10,000 crore on November 5, 2014 (Wednesday) through multi-security auction using the multiple price method:

Sr. No

Security

Date of Maturity

1

8.07 % GS 2017

January 15, 2017

2

8.79 % GS 2021

November 8, 2021

3

8.08% GS 2022

August 2, 2022

4

8.28% GS 2027

September 21, 2027

The auction shall be conducted by the Financial Markets Operation Department, Reserve Bank of India, Fort, Mumbai on November 5, 2014 (Wednesday).

Market participants may take note of the following:

There is an overall aggregate ceiling of ` 10,000 crore for all the securities in the basket put together. There is no security-wise notified amount.

Reserve Bank reserves the right to:

  • Decide on the quantum of sales of individual securities.

  • Accept bids for less than the aggregate amount of ` 10,000 crore.

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

  • Accept or reject any or all of the bids either wholly or partially without assigning any reason

The eligible participants should submit their bids 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 5, 2014 (Wednesday). Only in the event of system failure physical bids would be accepted. Such physical bids 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 Reserve Bank website (www.rbi.org.in)

The successful bidders will be required to make payment to Reserve Bank on November 7, 2014 (Friday) by forenoon.

Sangeeta Das
Director

Press Release : 2014-2015/910

 
 
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