OMOs are conducted by the Bank at 9.30 am on New Zealand working days.
In the case of an OMO, when conducting larger OMOs (i.e., $600 million or more), the Bank typically prefers to offer shorter maturities (such as overnight).
OMOs and foreign exchange swaps) to offset these flows to avoid considerable swings in the level of settlement cash that sits in the banking system.
result will be announced by SBP through Reuters/Bloomberg on the same date.
"The liquidity conditions will continue to be monitored and depending on the assessment, RBI will consider similar quantum of OMO purchases until the end of March 2019," it added.
It further said the exact calibration of the quantum of OMO would depend on sustained changes in the behaviour of currency in circulation, the magnitude of sterilisation operations for RBI's forex operations and other relevant factors.
In October, the central bank already injected Rs 36,000 crore into the system through OMOs
operation will help ease tight liquidity situation triggered by series of default by group companies of IL&FS.
The Reserve Bank of India auctions to purchase government bonds as part of the Open Market Operations (OMO
) to manage liquidity in the system will be conducted in the second, third and fourth week of October.
According to the global financial services major, the RBI is expected to buy another Rs 20,000 crore by way of open market operations (OMO) this month to boost liquidity.
"We expect RBI governor Rajan to OMO/buyback another Rs 20,000 crore in March, atop the Rs 1,08,500 crore since December, inclusive of the Rs 15,000 crore OMO announced for March 10," BofA-ML said in a research report.
"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 (OMOs) for an aggregate amount of Rs 150 billion on March 10, 2016," RBI said in a notification.
As part of the OMOs, RBI will purchase government securities maturing in 2018 (bearing interest rate of 7.83 per cent), 2020 (8.12 per cent), 2023 (8.83 per cent) and 2025 (7.72 per cent), 2027 (8.28 per cent) and 2030 (7.88 per cent).
This change will take effect from 1 December 2010, with the final regular Tuesday OMO
scheduled for 30 November 2010.