Further to RBI Press Release dated December 16, 2010, wherein it was stated that the Reserve Bank of India would conduct OMO purchase auctions of ` 12,000 crore every week for four weeks starting with the week ending December 24, 2010, Reserve Bank has decided to purchase the following government securities through auction for an aggregate amount up to ` 12,000 crore through multi-security auction using the multiple price method :
Market participants may take note of the following: There is an overall aggregate ceiling of ` 12,000 crore for all the securities in the basket put together. There is no security-wise notified amount. RBI reserves the right to :
The result of the auction will be announced on the same day and payment to successful offerers will be made during banking hours on January 13, 2011 (Thursday). Successful offerers may note to make available the requisite amount of securities in their SGL account in the forenoon on January 13, 2011. J. D. Desai Assistant Manager Press Release : 2010-2011/985 |
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