Tuesday, November 05, 2024
Advertisement
  1. You Are At:
  2. News
  3. Business
  4. RBI holds OMO auction worth Rs 15,000 crore

RBI holds OMO auction worth Rs 15,000 crore

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. 

Edited by: PTI Mumbai Published on: March 26, 2020 23:17 IST
RBI holds OMO auction worth Rs 15,000 crore
Image Source : PTI

RBI holds OMO auction worth Rs 15,000 crore

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 the same amount.

ALSO READ | RBI likely to allow banks to accept delayed loan repayments from customers

ALSO READ | RBI to infuse Rs 1 lakh crore through term repo auction

Advertisement

Read all the Breaking News Live on indiatvnews.com and Get Latest English News & Updates from Business

Advertisement
Advertisement
Advertisement
Advertisement