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RBI holds OMO auction worth Rs 15,000 crore

PTI | Mumbai | Updated: 26-03-2020 23:26 IST | Created: 26-03-2020 22:58 IST
RBI holds OMO auction worth Rs 15,000 crore
Representative image Image Credit: ANI

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 per cent for the instrument maturing in 2022, and 7.68 per cent for those maturing in 2023 and the eight-year bond is priced at 7.17 per cent. On March 24 also the RBI had conducted an OMO of same amount.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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