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Based on an assessment of prevailing liquidity conditions and also of the durable liquidity needs going forward, the Reserve Bank has decided to conduct purchase of the following Government securities under Open Market Operations for an aggregate amount of ₹ 120 billion on November 01, 2018 (Thursday) through multi-security auction using the multiple price method:
There is an overall aggregate ceiling of ₹ 120 billion for all the securities in the basket put together. There is no security-wise notified amount. RBI reserves the right to:
The eligible participants should submit their offers in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 10.30 a.m. and 12.00 noon on November 01, 2018 (Thursday). Only in the event of system failure, physical offers would be accepted. Such physical offer should be submitted to Financial Markets Operations Department (Please click here to send email; Phone no: 022-22630982) in the prescribed form obtainable from RBI website (https://www.rbi.org.in/Scripts/BS_ViewForms.aspx) before 12.00 noon. The result of the auction will be announced on the same day and payment to successful participants will be made during banking hours on November 02, 2018 (Friday). Successful participants should ensure availability of requisite amount of securities in their SGL account by 12 noon on November 02, 2018 (Friday). Ajit Prasad Press Release : 2018-2019/1004 |
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