RBI to conduct simultaneous purchase, sale of gilts via OMO on April 27

MUMBAI: The Reserve Bank of India on Thursday said it has decided to conduct simultaneous purchase and sale of government securities under open market operations (OMO) for Rs 10,000 crore each on April 27 on a review of current and evolving liquidity and market conditions.

The government will purchase long-dated securities maturing 2026, 2028, 2029 and 2030, aggregating Rs 10,000 crore, while it will see short-dated securities maturing June 2020, October 2020 and April 2021.

There will be no security-wise notified amount. The result of the auctions will be announced on the same day.


The central bank said it reserves the right to decide on the quantum of purchase/sale of individual securities, accept bids/offers for less than the aggregate amount, purchase/sell marginally higher/lower than the aggregate amount due to rounding off, and accept or reject any or all the bid/offers.