According to an earlier press release dated August 31, 2020, the Reserve Bank of India (RBI) announced special simultaneous purchase and sale of government securities under Open Market Operation (OMO) for an aggregate amount of Rs.20,000 Crores in two parts of Rs.10,000 Crores each. The first auction is scheduled for September 10, 2020.

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All the details related to the securities for simultaneous purchase and sale of government securities under Open Market Operations (OMO) for Rs.10,000 Crores each on September 10, 2020, is mentioned below-

  • Purchase – RBI is going to purchase the following securities by using the multiple price auction method:
Sr. NoISINSecurityDate of MaturityAggregate Amount
1.IN00201903966.18% GS 202404-Nov-2024Rs.10,000 Crores
(There is no security-wise notified amount)

2.IN00201600356.97% GS 202606-Sep-2026Rs.10,000 Crores
(There is no security-wise notified amount)
3.IN00202000705.79% GS 203011-May-2030Rs.10,000 Crores
(There is no security-wise notified amount)
  • Sale – Also, RBI is going to sell the following securities simultaneously by using the multiple price auction method:
Sr. NoISINSecurityDate of MaturityAggregate Amount
1.IN002020Y033182 DTB 2210202022-Oct-2020Rs.10,000 Crores
(There is no security-wise notified amount)
2.IN002020Y041182 DTB 2910202029-Oct-2020Rs.10,000 Crores
(There is no security-wise notified amount)
3.IN002020Y058182 DTB 0611202006-Nov-2020Rs.10,000 Crores
(There is no security-wise notified amount)

The Reserve Bank of India is going to reserve its rights on the following matters:

  • decide on the quantum of purchase/sale of individual securities.
  • accept bids/offers for less than the aggregate amount.
  • purchase/sell marginally higher/lower than the aggregate amount due to rounding-off.
  • accept or reject any or all the bid/offers either wholly or partially without assigning any reasons.

Requirements for Biding process-

All the eligible participants should submit their bids/offers in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 10:00 am and 11:00 am on September 10, 2020.

Only in the event of system failure, physical bids/offers would be accepted. Such physical bid/offer 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 11.00 am.

Result of the Bids-

Auction results would get announced on the same day and the successful participants should ensure availability of funds/securities in their Current account/SGL account, in all the cases by noon on the date of September 11, 2020.

With Warm Regards,

CL Bureau.

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