Based on the current assessment of prevailing and evolving liquidity conditions, the Reserve Bank has decided to conduct purchase of Government securities under Open Market Operations for an aggregate amount of ₹ 100 billion on October 25, 2016 (Tuesday) through multi-security auction using the multiple price method:

There is an overall aggregate ceiling of ₹ 100 billion for all the securities in the basket put together. There is no security-wise notified amount.

RBI reserves the right to:

• Decide on the quantum of purchase of individual securities.

• Accept less than the aggregate amount of ₹ 100 billion.

• Purchase marginally higher than the aggregate amount due to rounding off effects and other relevant factors.

• Accept or reject any or all of the offers either wholly or partially without assigning any reason.

The eligible participants should submit their offers in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 10.30 a.m. and 12.00 noon on October 25, 2016 (Tuesday). Only in the event of system failure, physical offers would be accepted. Such physical offer should be submitted to Financial Markets Operations Department (Please click here to send email; Phone no: 022-22630982) in the prescribed form obtainable from RBI website (https://www.rbi.org.in/Scripts/BS_ViewForms.aspx) before 12.00 noon.

The result of the auction will be announced on the same day and payment to successful participants will be made during banking hours on October 26, 2016 (Wednesday). Successful participants should ensure availability of requisite amount of securities in their SGL account by 12 noon on October 26, 2016 (Wednesday).

Ajit Prasad
Assistant Adviser

Press Release : 2016-2017/984