Poket News

RBI to conduct 1st-ever OMO purchase of SDLs on October 22

  • Reserve Bank of India will conduct its 1st-ever Open Market Operationpurchase of State Developments Loans on 22nd October. 
  • The OMOs worth 10,000 crore rupees will be conducted as a special case during the current financial year with an aim to improve liquidity and facilitate efficient pricing. 
  • The size of the auctions may be enhanced subsequently, depending on the market response. 
  • The RBI will purchase the SDLs through a multi-security auction using the multiple price method. 
  • n October 22