RBI Announces OMO Purchase Auction of Government of India Dated Securities
February, 26th 2016
Based on the current assessment of prevailing and evolving market liquidity conditions, the Reserve Bank has decided to conduct purchase of Government securities under Open Market Operations (OMO). The OMO operations would be conducted for an aggregate amount of ₹ 120 billion on March 3, 2016 (Thursday) through a multi-security auction. The securities identified for the OMO would be announced in due course.
The Reserve Bank will continuously monitor the evolving liquidity conditions and announce such measures as considered necessary.