RBI to conduct first special OMO of FY22 on May 06
April 29, 2021
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The central bank will purchase and sell securities for an aggregate amount of ₹10,000 crore each
The Reserve Bank of India (RBI) on Thursday said it will conduct the first special open market operation (OMO) of fiscal year 2022 (FY2022), entailing simultaneous purchase and sale of government securities (G-Secs) for an aggregate amount of ₹10,000 crore each, on May 06, 2021.
Under the special OMO (also known as Operation Twist/ OT), the central bank will purchase three G-Secs maturing in 2026, 2028 and 2030 for an aggregate amount of ₹10,000 crore.
It will simultaneously sell two 182-day treasury bills maturing on October 21 and October 28.