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Reserve Bank announces OMOs worth Rs 20,000 crore to maintain liquidity

The two tranches will be worth Rs 10,000 crore each on multi-security auction using multiple price method, the central bank said in a statement

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Earlier, an article published in the RBI's bulletin said that the Reserve Bank will continue to monitor evolving liquidity and market conditions.

BS Web Team New Delhi

2 min read Last Updated : Aug 25 2020 | 10:43 AM IST

The Reserve Bank of India on Tuesday announced that it will conduct purchase and sale of government securities worth Rs 20,000 crore as part of Open Market Operation (OMO). The OMO will be conducted in two tranches on August 27 and September 3.

The two tranches will be worth Rs 10,000 crore each on multi-security auction using multiple price method, the central bank said in a statement.

"Eligible participants should submit their bids/offers in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 10:00 am and 11:00 am on August 27, 2020," the RBI added.

Topics : Reserve Bank of India open market operations Liquidity

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