News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Circulars »
 Direct Benefit Transfer (DBT) Scheme – Implementation
 Clarification in respect of filling-up of the ITR forms for the Assessment Year 2019-20
 Here's how you can file your income tax this year ITR Filing
  RBI-Auction of Government of India Dated Securities August 09, 2019
 RBI-Edited Transcript of Reserve Bank of India’s Third Bi-Monthly Monetary Policy Press Conference
 RBI-Task Force on Offshore Rupee Markets submits report to the Governor
 Notification No. 56/2019 Central Board Of Indirect Taxes And Customs
  RBI-Statement on Developmental and Regulatory Policies
 Financial Inclusion - Access to Banking Services - Basic Savings Bank Deposit Account (BSBDA)
 Master Direction – Priority Sector Lending – Small Finance Banks – Targets and Classification
 Master Direction - Reserve Bank of India (‘Fit and Proper’ Criteria for Elected Directors on the Boards of PSBs) Directions, 2019

RBI Announces OMO Purchase of Government of India Dated Securities
May, 15th 2019

Based on an assessment of prevailing liquidity conditions and also of the durable liquidity needs going forward, the Reserve Bank has decided to conduct purchase of the following Government securities under Open Market Operations for an aggregate amount of  125 billion on May 16, 2019 (Thursday) through multi-security auction using the multiple price method:

Sr. No Security Date of Maturity
1 8.12% GS 2020 10-Dec-2020
2 7.68% GS 2023 15-Dec-2023
3 6.79% GS 2027 15-May-2027
4 6.79% GS 2029 26-Dec-2029
5 8.28% GS 2032 15-Feb-2032

There is an overall aggregate ceiling of 125 billion 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 offers for less than the aggregate amount of 125 billion.

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

  • Accept or reject any or all 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 May 16, 2019 (Thursday). Only in the event of system failure, physical offers would be accepted. Such physical offer should be submitted to Financial Markets Operations Department (Please click here to send email; Phone no: 022-22630982) in the prescribed form obtainable from RBI website (https://www.rbi.org.in/Scripts/BS_ViewForms.aspxbefore 12.00 noon.

The result of the auction will be announced on the same day and payment to successful participants will be made during banking hours on May 17, 2019 (Friday). Successful participants should ensure availability of requisite amount of securities in their SGL account by 12 noon on May 17, 2019 (Friday).

Shailaja Singh
Deputy General Manager

Press Release: 2018-2019/2672

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Bath SEO Company Birmingham SEO Company Bradford SEO Company Brighton and Hove SEO Company Bristol SEO Company Cambridge SEO Company Canterbury SEO Company Carlisle SEO Company Chester SEO Company Chichester SEO Company Coventry SEO Compan

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions