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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

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