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
Former Army Maj. Gen. John B. Richardson IV Joins USAA To Lead Military Affairs
Two-star general and decorated combat veteran to bring forward-looking vision in continued service to military members a... Read more
Steeped In Tradition: USAA Kicks Off 124th Army-Navy Game Celebrations In A Massive Way, Honoring 250th Anniversary Of The Boston Tea Party
USAA honors history of rivalry game and the city, bringing giant bag of tea to Boston’s historic sites Read more
USAA Life Insurance Announces New Relationship With Trust & Will
USAA Life Insurance Company, a leading financial services brand for military members and their families, and Trust &... Read more
“Go Beyond Thanks:” New Survey Reveals We Should Do More Than Simply Thank Our Veterans For Their Service
Data Reveals Half of Military/Veterans Surveyed Feel Uncomfortable or Awkward When Someone Says the Phrase “Thank You ... Read more
USAA Expanding Education Program To Include Tuition-Free Support For Employees And Employee Dependents
Company also announces student loan 401(k) contribution match up to 8% Read more
USAA Life Insurance Company Introduces Fixed Indexed Annuity
New product provides tax-deferred growth along with principal protection to help build retirement savings. Read more