Udayavni Special

RBI announces special OMO of Rs 20,000 cr in 2 tranches


PTI, Aug 25, 2020, 12:00 PM IST

Mumbai: The Reserve Bank of India on Tuesday, August 25 said it will conduct simultaneous purchase and sale of government securities under Open Market Operations (OMO) for an aggregate amount of Rs 20,000 crore in two tranches.

“The auction will be held in two tranches of Rs 10,000 crore each and will be conducted on August 27 and September 03, 2020,” Reserve Bank of India (RBI) said in a statement.

“On a review of current and evolving liquidity and market conditions, the Reserve Bank has decided to conduct simultaneous purchase and sale of government securities under OMO for an aggregate amount of Rs 20,000 crores in two tranches of Rs 10,000 crores each,” it said.

On August 27, the central bank said it would be selling four securities totaling Rs 10,000 crore and will be purchasing four securities of the same amount.

“The securities for the second tranche auction on September 03, 2020, will be announced separately,” it added.

The Reserve Bank further said it will continue to monitor evolving liquidity and market conditions and take measures as appropriate to ensure the orderly functioning of financial markets.

The simultaneous purchase and sale of government securities programs involve purchasing government securities of longer maturities and selling an equal amount of securities of shorter maturities.

Top News

Rhea Chakraborty procured drugs for Sushant Singh Rajput through her brother: NCB

Drugmaker Novavax begins late-stage vaccine trial in UK

Sushant case: As NCB retrieves chat conversations, WhatsApp clarifies on end-to-end encryption

CM BSY-farmer leaders meet fails; Bandh planned on Sep 28 to continue

Vodafone wins arbitration case against India over Rs 20,000 cr tax dispute

5.4-magnitude earthquake hits Ladakh

Not sure about Congress’ seriousness on no-confidence motion against BJP govt: HDK




Related Articles More

Vodafone wins arbitration case against India over Rs 20,000 cr tax dispute

Harley Davidson exit to impact around 2,000 jobs across dealerships: FADA

Google Pay doesn’t share customer transaction data with any 3rd party outside payments flow: Google

Sensex crashes 1,115 points, Nifty tests 10,800

CMS gets contract from Karnataka Bank, Paytm for home delivery of cash

MUST WATCH

Young man from Mangaluru builds mini tipper

Udupi Krishna temple to be open for public from September 28 | Udayavani

‘Road Politics in Times of Pandemic’: St Aloysius Institution reacts to road renaming

Mangaluru Light House Hill Road renamed as Mulki Sunder Ram Shetty Road

Soraba : District Excise Department seized Millions worth of Marijuana | Udayavani

Latest Additions

Rhea Chakraborty procured drugs for Sushant Singh Rajput through her brother: NCB

Drugmaker Novavax begins late-stage vaccine trial in UK

18-yr-old UK activist stages climate protest on sheet of floating Arctic ice

Australian think tank finds 380 detention camps in Xinjiang

Sushant case: As NCB retrieves chat conversations, WhatsApp clarifies on end-to-end encryption

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.