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The Reserve Bank of India (RBI), on Thursday, said it will conduct purchase of four Government securities (G-Secs) under Open Market Operations (OMOs) for an aggregate amount of ₹20,000 crore on October 29.
The central bank’s decision in this regard comes in the wake of a review of the current liquidity and financial conditions.
RBI will purchase four G-Secs – maturing in 2025 (coupon rate: 7.72 per cent); 2027 (8.28 per cent); 2029 (6.79 per cent); and 2032 (7.95 per cent) – through a multi-security auction using the multiple price method. There is no security-wise notified amount for the OMO purchase.
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