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RBI to conduct particular OMOs on November 19

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MUMBAI: The Reserve Bank of India (RBI) on Thursday introduced particular open market operations (OMO) simultaneous buy and sale of presidency of India securities on November 19, after a overview of the present liquidity and monetary situations.

The central financial institution will conduct simultaneous buy and sale of presidency securities beneath OMO for an mixture quantity of Rs 10,000 crores every.

The particulars are as follows:

The central financial institution mentioned it reserves the correct to resolve on the quantum of buy/sale of particular person securities, settle for bids/affords for lower than the mixture quantity, and settle for or reject all or any the bid/affords both wholly or partially with out assigning any causes.

Since the bulletins made within the Statement on Developmental and Regulatory Policies of October 9, the central financial institution has expanded the dimensions of outright OMO purchases of presidency of India securities from Rs 10,000 crore to Rs 20,000 crore per public sale.

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