The particulars of such buy and sale are as follows:
Since the bulletins made within the assertion on developmental and regulatory insurance policies of October 9, the central financial institution has expanded the dimensions of outright OMO purchases of presidency securities from Rs 10,000 crore to Rs 20,000 crore per public sale.
OMO buy auctions in State Development Loans (SDLs) are additionally being carried out, as introduced, RBI mentioned in a launch.
The whole quantity of OMOs carried out within the second half of 2020-21 has been of the order of Rs 66,305 crore to this point, and the response has been constructive in each main and secondary market auctions.
“Accordingly, based on an ongoing assessment of liquidity conditions, the Reserve Bank will continue to conduct OMO purchase auctions in amounts of Rs 20,000 crore as well as OMOs in SDLs, along with other operations, to support market sentiment and assure adequate liquidity all along the yield curve,” RBI mentioned in a launch.