RBI to Conduct Rs 50,000 Crore OMO Purchase on December 18

RBI to Conduct Rs 50,000 Crore OMO Purchase on December 18

Get latest articles and stories on Business at LatestLY. According to the statement, the OMO purchase will be carried out through a multi-security auction using the multiple price method. The operation will cover government securities maturing between 2029 and 2054, including 6.75% GS 2029, 6.10% GS 2031, 6.54% GS 2032, 7.18% GS 2033, 6.33% GS 2035, 7.23% GS 2039 and 7.09% GS 2054. Business News | RBI to Conduct Rs 50,000 Crore OMO Purchase on D…

RBI announces second tranche of OMO buys valued at Rs 50,000 crore

New Delhi, Dec 12 (SocialNews.XYZ) The Reserve Bank of India (RBI), on Friday, announced that it will carry out the second round of Open Market Operation (OMO) purchases, involving government securities worth Rs 50,000 crore, on December 18. According to the Central bank, the auction will be held on December 18 between 9:30 and 10:30 a.m. through its core banking solution platform, E-Kuber. The RBI said the auction results will be published the …