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RBI to conduct sale purchase of govt securities

January 18, 2022

RBI to conduct sale purchase of govt securities

The Reserve Bank on Wednesday declared open market operations for sale as well as purchase of acquisition of government securities for ₹15,000 crore each.

On a survey of current liquidity and financial conditions, the national bank has chosen to direct concurrent buy and offer of government protections under Open Market Operations (OMO) for a total measure of ₹15,000 crore each on March 4, 2021, RBI said in a delivery.

Simultaneous purchase and offer of government securities under OMOs, prevalently known as Operation Twist, includes buying G-Secs of longer maturities and selling equal amounts of G-Secs of shorter maturities.

On March 4, the RBI will buy four government protections of various development dates conglomerating to ₹15,000 crore and sell two protections collecting to a similar amount using the multiple price auction method.

Qualified members can present their bids in electronic format to the RBI on its core banking solution (E-Kuber) system between 10 am to 11 am on March 4.

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