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