Securities worth Rs 10k cr bought by RBI via OMO

In the OMO purchase auction, the RBI received bids worth Rs 26,887 crore for two types of securities – 7.32 per cent-2024 and 6.45 per cent-2029 – but accepted only Rs 10,000 crore of bids. For 7.32 per cent-2024, it got 157 bids and accepted 40 bids. The RBI got 147 bids for 6.45 per cent-2029 bonds but accepted 105 bids. The cut-off yield for 7.32 per cent-2024 was 6.408 per cent, while for 6.45 per cent-2029, it was 6.5780 per cent. The RBI offered to sell two government securities – 7.80 per cent-2021 and 7.94 per cent-2021 – through the OMO. It received Rs 35,375 crore of bids but accepted Rs 2,950 crore of bids. In terms of number of bids, the central bank received 85 bids for 7.80 per cent-2021 and 70 bids for 7.94 per cent-2021 but accepted 3 and 7 bids, respectively. The cut-off yield for 7.80 per cent-2021 was 5.6714 per cent and for 7.94 per cent-2021 was 5.7192 per cent.