The open market operation (OMO) of four government securities on Thursday attracted bids aggregating 2.63 times the amount (₹15,000 crore) notified by the Reserve Bank of India (RBI). In absolute terms, the RBI received bids aggregating ₹39,529 crore and accepted bids aggregating ₹15,000 crore.
This auction was originally scheduled for March 30. But on a review of the current liquidity and financial conditions, the Reserve Bank decided to advance the purchase of Government securities under OMOs for ₹15,000 crore to March 26.
At the OMO purchase auction of four government securities conducted on Tuesday, the RBI received bids aggregating 3.43 times the amount (₹15,000 crore) notified by the RBI.