RBI Executes Rs 50,000 Crore OMO Auction; Sets Stage for Upcoming G-Sec Sale

The Reserve Bank of India completed a significant OMO purchase auction, accepting Rs 50,000 crore in government securities. Key bonds like the 7.26% GS 2032 were prominent. Simultaneously, plans for a G-Sec sale underwriting auction on December 12 were unveiled, involving Rs 28,000 crore in securities.

The Reserve Bank of India (RBI) has successfully conducted its Open Market Operation (OMO) purchase auction of government securities, reaching a total of Rs 50,000 crore. This auction, held on Thursday, saw the acceptance of various securities, with the 7.26% GS 2032 bond leading at Rs 21,189 crore. The 7.02% GS 2031 bond followed, with Rs 15,316 crore accepted.

Other significant acceptances included Rs 6,638 crore for the 6.75% GS 2029, Rs 1,033 crore for the 6.79% GS 2034, and Rs 657 crore for the 6.92% GS 2039. The 7.54% GS 2036 bond accounted for Rs 3,942 crore, while the 6.67% GS 2050 paper saw Rs 1,225 crore accepted. The RBI established yield cutoffs for these securities, ranging from 6.1277% to 7.2902%.

Additionally, the RBI announced an upcoming underwriting auction scheduled for December 12, aimed at facilitating the Government of India's sale of Rs 28,000 crore in securities. This auction will address the 6.68% GS 2040 bond worth Rs 16,000 crore and the 6.90% GS 2065 bond worth Rs 12,000 crore. The event will use a multiple-price method on the e-Kuber platform.

(With inputs from agencies.)