RBI to conduct Rs 25,000 crore OMO sale auction of government securities on October 13

The Reserve Bank of India will conduct an Open Market Operation (OMO) sale auction of government securities on October 13, offering securities valued at Rs 25,000 crore. The auction will include six distinct securities with maturities ranging between 2030 and 2034.

The central bank retains the discretion to determine accepted bid amounts and may reject bids that do not meet its criteria. Currently, the banking sector is experiencing significant surplus liquidity, estimated at approximately Rs 3.88 lakh crore.