10:43 pm - Thursday March 28, 2024

RBI to sell Rs 10,000cr govt bonds through OMO on Nov 5

568 Viewed Gautam Comments Off on RBI to sell Rs 10,000cr govt bonds through OMO on Nov 5
RBI warns of rising tide of NPAs
RBI warns of rising tide of NPAs

Reserve Bank on Monday said it would sell Rs 10,000 crore government bonds through Open Market Operation (OMO) to mop up liquidity from the system. “On an assessment of current and evolving liquidity conditions, Reserve Bank has decided to conduct sale of government securities under Open Market Operations for an aggregate amount of Rs 10,000 crore on November 5 through multi-security auction using the multiple price method,” the central bank said in a statement. There is an overall aggregate ceiling of Rs 10,000 crore for all the securities in the basket put together, it said. The central bank would decide on the quantum of sales of individual securities, it said. RBI would have option to accept bids for less than the aggregate amount of Rs 10,000 crore. As part of the OMOs, the RBI will sale government securities maturing in 2017 (bearing interest rate of 8.07 percent), 2021 (8.79 percent), 2022 (8.08 percent) and 2027 (8.28 percent).

Don't miss the stories followIndiaVision India News & Information and let's be smart!
Loading...
0/5 - 0
You need login to vote.
Filed in

Flipkart ties up with payment solutions provider Euronet

Former allies will return to NDA: Gadkari

Centre to be ready with 500 road projects, looking for foreign loan: Gadkari

Related posts