RBI Announces OMO Purchase of Govt. of India Dated Securities

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Based on an assessment of prevailing liquidity conditions and also of the durable liquidity needs going forward, the Reserve Bank has decided to conduct purchase of the following Government securities under Open Market Operations for an aggregate amount of ₹100 billion on January 24, 2019 (Thursday)through multi-security auction using the multiple price method:

Sr. NoSecurityDate of Maturity
17.28% GS 201903-Jun-2019
28.15% GS 202211-Jun-2022
37.72% GS 202525-May-2025
48.26% GS 202702-Aug-2027
56.57% GS 203305-Dec-2033

There is an overall aggregate ceiling of ₹ 100 billion for all the securities in the basket put together. There is no security-wise notified amount.

RBI reserves the right to:

  • Decide on the quantum of purchase of individual securities.
  • Accept offers for less than the aggregate amount of ₹ 100 billion.
  • Purchase marginally higher than the aggregate amount due to rounding-off effects.
  • Accept or reject any or all the offers either wholly or partially without assigning any reason.

The eligible participants should submit their offers in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 10.30 a.m. and 12.00 noon on January 24, 2019 (Thursday). Only in the event of system failure, physical offers would be accepted. Such physical offer should be submitted to Financial Markets Operations Department (Please click here to send email; Phone no: 022-22630982) in the prescribed form obtainable from RBI website (https://www.rbi.org.in/Scripts/BS_ViewForms.aspxbefore 12.00 noon.

The result of the auction will be announced on the same day and payment to successful participants will be made during banking hours on January 25, 2019 (Friday). Successful participants should ensure availability of requisite amount of securities in their SGL account by 12 noon on January 25, 2019 (Friday).


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