Economy
RBI Announces ₹1 Lakh Crore OMO Sale Auctions in Three Tranches
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THE BRIEF
1
The Reserve Bank of India announced open market operation sale auctions of government securities worth ₹1 lakh crore in three tranches starting September 17.
2
The first tranche of ₹50,000 crore will feature six securities with maturities ranging from March 2029 to February 2032, conducted via multiple-price method.
3
Subsequent auctions of ₹25,000 crore each are scheduled for September 21 and September 28 to absorb liquidity and review evolving financial conditions.