RBI's OMO sale absorbs ₹66,590 crore in liquidity
after close1 source ↓written by the desknot a recommendation
- attracted bids worth
- ₹66,590 crore
- target
- ₹50,000 crore
- was the most
- 8.28% GS 2032
- with bids
- ₹19,700 crore
- bond auction
- ₹28,000 crore
The Reserve Bank of India's first open market operation (OMO) sale of the year attracted bids worth ₹66,590 crore, exceeding the ₹50,000 crore target. Bonds were accepted at yields higher than market levels, indicating a premium from investors. The 8.28% GS 2032 was the most sought after, with bids of ₹19,700 crore. This strong response suggests effective liquidity management ahead of the upcoming ₹28,000 crore bond auction.
Not investment advice. For informational purposes only.