The Reserve Bank of India (RBI) announced its third round of simultaneous purchase and sale of government securities under the special open market operation (OMO). The RBI said it will purchase two new long-term government securities, maturing in 2024 and 2026, in addition to the 10-year bond maturing in 2029. The central bank will sell short-term securities including 6.65% maturing on 9 April 2020, 7.8% maturing on 3 May 2020, and 8.27% maturing on 9 June 2020, besides the 8.12% maturing on 10 December 2020. Reserve Bank 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 than the aggregate amount due to rounding-off effects and to accept or reject any or all the bid/offers either wholly or partially without assigning any reasons.
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