RBI holds OMO auction worth Rs 15,000 crore for liquidity in system; settlements to be done today

While the notified amount was Rs 15,000 crore, total amount offered stood at Rs 39,529 crore but the central bank accepted only the notified amount.

Press Trust of India March 27, 2020 07:15:59 IST
RBI holds OMO auction worth Rs 15,000 crore for liquidity in system; settlements to be done today

Mumbai: As part of its continuing efforts to keep the system with adequate liquidity, the Reserve Bank on Thursday held an open market operation (OMO) auction for Rs 15,000 crore.

The settlement for the same will be done on Friday, the central bank said.

While the notified amount was Rs 15,000 crore, total amount offered stood at Rs 39,529 crore but the central bank accepted only the notified amount.

The OMO is offering 8.08 percent for the instrument maturing in 2022, and 7.68 percent for those maturing in 2023 and the eight-year bond is priced at 7.17 percent.

On 24 March also the RBI had conducted an OMO of same amount.

Updated Date:

also read

Head-on | India must develop its own methodology to rank global institutions
India

Head-on | India must develop its own methodology to rank global institutions

It is time India stopped being beholden to how others see us and start telling others how we see them

Inflation expected to remain higher than RBI tolerance level till Dec, says Shaktikanta Das
Business

Inflation expected to remain higher than RBI tolerance level till Dec, says Shaktikanta Das

The RBI governor said inflation is currently the biggest challenge confronting most economies in the world and the current surge is primarily because of global factors

RBI Recruitment 2022: Admit card out for Fire Officer posts at opportunities.rbi.org.in; direct link here
Education

RBI Recruitment 2022: Admit card out for Fire Officer posts at opportunities.rbi.org.in; direct link here

The RBI recruitment exam is scheduled to be conducted as an online test on Saturday, 9 July. The paper will consist of 100 questions and will have a maximum of 200 marks.