RBI purchases Rs. 10000 cr G-secs

Reserve Bank of India announced the purchase of government securtities (G-secs) under open market operations (OMO). The move came after the assessment of prevailing liquidity conditions, a press release by the RBI said.

The RBI plans to raise an aggregate of Rs 10,000 crore on July 19 through multi-security auction using the multiple price method. However, the security wise breakdown of the amount was not given.

There are a total of five categories of dated G-secs, namely, 8.27% GS 2020 maturing on June 9, 2020. Second category, the 8.20% GS 2022 maturing on February 15, 2022 . Next being the 7.35% GS 2024 which becomes due on June 22, 2024, followed by the 8.33% GS 2026 which expires on July 9, 2026 and the 7.61% GS 2030 paper maturing on May 09, 2030.