Reserve Bank of India (RBI) has said that it will buy government securities under open market operations (OMOs) for a total measure of Rs 10,000 crore on September 24, 2020.
The securities will be bought through a multi-security closeout utilizing the different value technique. RBI said that the aftereffect of the bartering would be declared around the same day and effective members ought to guarantee the accessibility of the essential measure of securities in their SGL account by early afternoon on September 25, 2020.
RBI maintains all authority to settle on the quantum of acquisition of individual protections, acknowledge offers for less than the total sum, buy imperceptibly higher than the total sum because of adjusting and acknowledge or reject any or all the bids either completely or halfway without doling out any reasons.
Recently, RBI had on September 7 declared an exceptional round of concurrent deal and acquisition of government securities (G-Secs) for Rs 10,000 crore each on September 10.
This is what was supposed to happen .. I feel like everything will continue as I see it. Hope for the better in future..