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RBI's ₹40,000-cr OMO gets double bids from banks
Financial Express Kochi
|April 18, 2025
THE RESERVE BANK of India (RBI) on Thursday received bids exceeding twice the notified amount in its open market operation (OMO) purchase from banks.
The apex bank got bids worth over ₹81,015 crore, against the notified amount of ₹40,000 crore.
The RBI will conduct next OMO to purchase government securities worth ₹20,000 crore on April 22.
However, the response for the 43-day variable rate repo (VRR) auction was muted as banks placed bids worth ₹25,731 crore, against the notified amount of ₹1.5 lakh crore.
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