RBI Advances Second Tranche Of G-sec Buying Under OMOs To March 26
Money & Banking
PTI
Mumbai |
Updated on
March 23, 2020
Published on
March 23, 2020
The Reserve Bank of India (RBI) on Monday said that it has advanced the second tranche of purchase of government securities worth ₹15,000 crore of under open market operations (OMOs) to March 26. The OMO purchase auction was earlier scheduled for March 30.
“On review of current liquidity and financial conditions, the RBI has decided to advance the second tranche of purchase of government securities under OMOs for ₹15,000 crore to March 26, 2020,” the RBI said in a release.
The four government bonds to be bought by the RBI in the auction include 8.08 per cent-2022; 7.68 per cent-2023; 7.27 per cent-2026 and 7.17per cent-2028, the release said. These bonds will be purchased through a multi-security auction using the multiple price method.
The first tranche of OMO purchase auction worth ₹15,000 crore will be conducted on March 24.
Last week, the RBI said it would conduct two OMO purchase auctions worth Rs 30,000 crore in two tranches in March to provide liquidity to the market. The RBI had said that with COVID-19-related dislocations, stress in certain financial market segments is still severe and financial conditions remain tight. “Our endeavour is to ensure that all markets segments function normally with adequate liquidity and turnover,” it had said.
Published on
March 23, 2020
PTI
Mumbai |
Updated on
The Reserve Bank of India (RBI) on Monday said that it has advanced the second tranche of purchase of government securities worth ₹15,000 crore of under open market operations (OMOs) to March 26. The OMO purchase auction was earlier scheduled for March 30.
“On review of current liquidity and financial conditions, the RBI has decided to advance the second tranche of purchase of government securities under OMOs for ₹15,000 crore to March 26, 2020,” the RBI said in a release.
The four government bonds to be bought by the RBI in the auction include 8.08 per cent-2022; 7.68 per cent-2023; 7.27 per cent-2026 and 7.17per cent-2028, the release said. These bonds will be purchased through a multi-security auction using the multiple price method.
The first tranche of OMO purchase auction worth ₹15,000 crore will be conducted on March 24.
Last week, the RBI said it would conduct two OMO purchase auctions worth Rs 30,000 crore in two tranches in March to provide liquidity to the market. The RBI had said that with COVID-19-related dislocations, stress in certain financial market segments is still severe and financial conditions remain tight. “Our endeavour is to ensure that all markets segments function normally with adequate liquidity and turnover,” it had said.
Published on
USAA And The Valero Texas Open Join Forces To Honor Military Heroes
Service Members and Veterans to Receive Exclusive Benefits and Complimentary Access Read more
USAA Stands Strong Amid Wildfire Losses, With More Than $1 Billion In Member Payments
Feb 05 2025 SAN ANTONIO, TX – February 5, 2025 – USAA, a leading financial services p... Read more
USAA Bank Board Appoints Michael Moran As Bank President
Jan 30 2025 San Antonio, TX – January 30, 2025 – Today, USAA Bank Board of Directors a... Read more
USAA Announces Juan C. Andrade As President And Chief Executive Officer
Global, Industry Leader and Public Servant Committed to Serving USAA, the Military Community and Their Families Read more
USAA Extends Sponsorship Of The Army-Navy Game Through 2030
Ahead of the 125th matchup of Army and Navy, USAA Continues Commitment to Academies Read more
Military Community Shows Financial Resilience, Growing Savings By 19% And Cutting Credit Card Balances By 23% Over Last Five Years, New USAA Bank Data Shows
USAA’s Military Financial Wellbeing Index highlights the impact of pandemic-era trends and inflation on service member... Read more