RBI to buy and sell govt bonds worth Rs 10,000 crore

The Reserve Bank of India (RBI) will simultaneously purchase and sell government securities worth Rs 10,000 crore under a special Open Market Operation (OMO). On a review of the current liquidity and market situation and an assessment of the evolving financial conditions, the Reserve Bank has decided to conduct simultaneous purchase and sale of government securities on December 23, 2019.

The purchase will be for government securities worth Rs 10,000 crore for the instrument ‘6.45 per cent GS 2029’. The Reserve Bank reserves the right to decide on the quantum of purchase/sale of individual securities and to accept bids/offers for less than the aggregate amount.

Source: The Economic Times

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