|
|
|
RBI to conduct OMOs in SDLs worth Rs 10,000 cr
|
|
|
|
Top Stories |
|
|
|
|
SME Times News Bureau | 17 Oct, 2020
The Reserve Bank of India (RBI) on Friday announced the purchase of
state development loans worth Rs 10,000 crore under open market
operations.
The auction will be conducted on October 22.
The
RBI, in a statement, said that it has been decided to conduct a
purchase auction of SDLs under OMOs for an aggregate amount of Rs 10,000
crore on October 22, keeping in view that this is the first ever OMO
purchase of SDLs.
"Depending on market response, the size of the auctions may be enhanced in the subsequent auctions.
"Accordingly, RBI will purchase the SDLs... through a multi-security auction using the multiple price method."
Earlier
this month, RBI Governor Shaktikanta Das, in the 'Statement on
Developmental and Regulatory Policies', said: "In order to impart
liquidity to SDLs and thereby facilitate efficient pricing, it has been
decided to conduct open market operations (OMOs) in SDLs as a special
case during the current financial year."
"This would improve
secondary market activity and rationalise spreads of SDLs over the
Central government securities of comparable maturities. This measure,
along with the extension of HTM (Held to Maturity Category) till March
2022, should ease concerns about illiquidity and absorptive capacity
for the total government borrowing in the current year."
|
|
|
|
|
|
|
|
|
|
|
|
|
Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
|
|
Daily Poll |
|
|
PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
Commented Stories |
|
|
|
|
|
|
|
|