RBI to sell Rs 10,000 crore government bonds via open market operations

The Reserve Bank today said it would sell government bonds worth Rs 10,000 crore through Open Market Operations (OMO) to mop up liquidity from the system.

Published: 13th October 2017 09:17 PM  |   Last Updated: 13th October 2017 10:21 PM   |  A+A-

The Reserve Bank of India (RBI) seal is pictured on a gate outside the RBI headquarters in Mumbai October 29, 2013.|REUTERS

Image used for representational purpose only. (File photo | Reuters)

By PTI

MUMBAI: The Reserve Bank today said it would sell government bonds worth Rs 10,000 crore through Open Market Operations (OMO) to mop up liquidity from the system.

"Based on the current assessment of prevailing and evolving liquidity conditions, the RBI has decided to conduct sale of government securities under Open Market Operations for an aggregate amount of Rs 100 billion on October 26, 2017 through multi-security auction using the multiple price method," the central bank said in a statement.

As part of the OMO, the RBI will sell government securities maturing in 2020 (bearing interest rate of 8.19 per cent), 2021 (8.79 per cent), 2022 (8.13 per cent), 2025 (7.72 per cent) and 2028 (8.60 per cent).

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