RBI to conduct OMO Purchase on 8 April for Rs 20,000 crore tranche; invites bids
Reserve Bank decided to conduct OMO purchase auctions of Government of India securities for an aggregate amount of Rs 80,000 crore in four tranches.
The Reserve Bank will be conducting OMO purchase for an aggregate amount of Rs 20,000 crore on April 08, 2025. Meanwhile, it has mentioned that the Bank reserves the right to, decide on the quantum of purchase of individual securities, accept bids for less than the aggregate amount, purchase marginally higher/lower than the aggregate amount due to rounding-off, and accept or reject any or all the bids either wholly or partially without assigning any reasons.
According to the press release made on 1 April, 2025, the Reserve Bank has decided to conduct OMO purchase auctions of Government of India securities for an aggregate amount of Rs 80,000 crore in four tranches of Rs 20,000 crore each to be held on April 03, 2025, April 08, 2025, April 22, 2025, and April 29, 2025.
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Additionally, the bank has mentioned that the eligible participants should submit their bids in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 9:30 am and 10:30 am on April 08, 2025. Only in the event of system failure, physical bids would be accepted. Such physical bid should be submitted to Financial Markets Operations Department (email, Phone no: 022-22630982) in the prescribed form obtainable from RBI website (https://www.rbi.org.in/Scripts/BS_ViewForms.aspx) before 10:30 am.
The result of the auction will be announced on the same day and successful participants should ensure availability of securities in their SGL account by 12 noon on April 09, 2025.
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