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RBI accepts Rs 25,000 crore in 2nd OMO sale amid surplus liquidity
Mumbai, Sep 21 (SocialNews.XYZ) The Reserve Bank of India (RBI) on Monday accepted bids worth Rs 25,000 crore in the second tranche of its ongoing open market operation (OMO) sales programme, as the central bank continued efforts to absorb surplus liquidity from the banking system. The auction witnessed robust investor participation, with total bids amounting to Rs 84,982 crore, more than three times the notified amount. The strong response highlights sustained demand for government securities despite the RBI's liquidity-tightening measures. According to the auction results, the RBI accepted bids worth Rs 11,512 crore for the 6.10 per cent Government Security (GS) 2031 and Rs 8,758 crore for the 7.95 per cent GS 2032.
