April 03, 2026 07:36 am (IST)

Make this your homepage

All Finance

AAP drops Raghav Chadha from key parliamentary role, sparks buzz over internal rift | Amit Shah to camp in West Bengal for 15 days during Assembly polls; predicts Mamata’s defeat in state and Bhabanipur | 'BJP plotting President’s Rule, don’t fall in the trap': Mamata Banerjee on Malda unrest, urges peace | 'Most polarised state': CJI Kant raps Bengal govt over 9-hour hostage of judicial officers | Bengal SIR protest: Judge pleads for help amid mob attack after 9-hour hostage ordeal | Bengal SIR progress: 47 lakh of 60 lakh adjudicated cases disposed of, Supreme Court informed | Amit Shah to join Suvendu Adhikari on Bhabanipur nomination day; BJP plans mega roadshow | Fuel prices rise: Premium petrol, diesel hiked amid oil price surge | Commercial LPG up Rs 195.50 as global oil prices rise; domestic rates unchanged | Layoff alert: Oracle cuts 30,000 jobs globally, 12,000 hit in India

RBI announces OMO purchase of Government of India Dated Securities

India Blooms News Service | | Mar 15, 2016, at 06:44 pm

Mumbai, Mar 15 (IBNS) The Reserve Bank of India (RBI), based on its current assessment of prevailing and evolving liquidity conditions, has decided to conduct purchase of Government securities under Open Market Operations (OMO) for an aggregate amount of Rs150 billion on Thursday (March 17, 2016) through multi-security auction using the multiple price method:

Sr. No	Security	Date of Maturity
1	8.27% GS 2020	9-Jun-2020
2	8.35% GS 2022	14-May-2022
3	8.40% GS 2024	28-Jul-2024
4	8.33% GS 2026	9-Jul-2026
5	8.60% GS 2028	2-Jun-2028
6	8.32% GS 2032	2-Aug-2032

There is an overall aggregate ceiling of Rs150 billion for all the securities in the basket put together. There is no security-wise notified amount.

RBI, in its notification, has said that it reserves the right to:

• Decide on the quantum of purchase of individual securities.

• Accept less than the aggregate amount of Rs150 billion.

• Purchase marginally higher than the aggregate amount due to rounding off effects and other relevant factors.

• Accept or reject any or all of the offers either wholly or partially without assigning any reason.

The central bank has said that 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 Thursday (March 17). Only in the event of system failure, physical offers would be accepted.

The result of the auction will be announced on Thursday and payment to successful participants will be made during banking hours on Friday (March 18, 2016)

RBI has said that successful participants have to make available the requisite amount of securities in their SGL account by 12 noon on Friday (March 18).

# Reserve Bank of India # Open Market Operations

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.

India
International

Related Images

Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:41 pm

Veedol signs former Indian skipper Sourav Ganguly as brand ambassador Jun 29, 2024, at 06:38 am

In Images: Glimpses from Bengali film Fatafati's premiere May 13, 2023, at 08:39 pm