RBI to conduct simultaneous purchase, sale of gilts via OMO on April 27

Published On: Thursday, April 23, 2020 | By: Team KnowMyStock

The Reserve Bank of India 0n 23rd April said it has decided to conduct simultaneous purchase and sale of government securities under open market operations (OMO) for Rs 10,000 crore each on April 27 on a review of current and evolving liquidity and market conditions. The government will purchase long-dated securities maturing 2026, 2028, 2029 and 2030, aggregating Rs 10,000 crore, while it will see short-dated securities maturing June 2020, October 2020 and April 2021. There will be no security-wise notified amount. The result of the auctions will be announced on the same day.

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