RBI Announces OMO Purchase of Government of India Dated Securities- (Reserve Bank of India) (06 Sep 2016)

MANU/RPRL/0224/2016

Banking

Based on the current assessment of prevailing and evolving liquidity conditions, the Reserve Bank has decided to conduct purchase of Government securities under Open Market Operations for an aggregate amount of `100 billion on September 08, 2016 (Thursday) through multi-security auction using the multiple price method.

RBI reserves the right to:
Decide on the quantum of purchase of individual securities.
Accept less than the aggregate amount of ` 100 billion.
Purchase marginally higher than the aggregate amount due to rounding off effects and other relevant factors.
Accept or reject any or all of the offers either wholly or partially without assigning any reason.

Tags : GOVERNMENT SECURITIES PURCHASE OPEN MARKET OPERATIONS