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RBI purchases Rs 10,000-crore G-Secs, sells Rs 6,825 crore securities via OMOs

Updated : December 24, 2019 06:54 AM IST

In the OMO purchase of 6.45 percent G-Sec 2029, which is benchmark security, the RBI received Rs 20,826 crore worth of bids from the participants but accepted Rs 10,000 crore of bids.
Analysts said the simultaneous sale and purchase of government bonds through OMO auctions were held to correct the yield curve to make it more representative of the current economic condition.
RBI purchases Rs 10,000-crore G-Secs, sells Rs 6,825 crore securities via OMOs
Published : December 24, 2019 06:54 AM IST

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