RBI Press Release: 2020-2021/525 dated 22.10.2020
The Reserve Bank of India (RBI) announced that the central bank, on a review of the current liquidity and financial conditions, has decided to hold open market operations (OMO) purchase of Government securities to the tune of Rs. 20,000 Crores. The OMO Auction will be held on 29.10.2020.
The auction will be held on 29.10.2020 for an hour from 10:00 am to 11:00 am. The securities have been divided into four tranches, the earliest date of maturity of the said securities being 25.05.2025, and the latest being 28.08.2032.