Asia

RBI’s Rs 50,000 crore OMO sale gets bids worth Rs 66,590 crore

The Economic Times
RBI’s Rs 50,000 crore OMO sale gets bids worth Rs 66,590 crore

The Reserve Bank of India's open market operation sale received robust investor interest. This operation aimed to absorb surplus liquidity from the banking system. The central bank accepted bonds at yields higher than prevailing market rates. This move precedes a significant weekly bond auction scheduled for Friday. Further liquidity absorption measures are planned for the coming week.

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Original Headline

RBI’s Rs 50,000 crore OMO sale gets bids worth Rs 66,590 crore