In continuation of the press release dated February 25, 2016 and 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 ₹ 120 billion on March 03, 2016 (Thursday) through multi-security auction using the multiple price method:

There is an overall aggregate ceiling of ₹ 120 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 ₹ 120 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 March 03, 2016 (Thursday). Only in the event of system failure, physical offers would be accepted. Such physical offer should be submitted to Financial Markets Operations Department (To send an email, please click here; Phone no: 022-22630982) in the prescribed form obtainable from RBI website (www.rbi.org.in)

The result of the auction will be announced on the same day and payment to successful participants will be made during banking hours on March 04, 2016 (Friday). Successful participants may note to make available the requisite amount of securities in their SGL account by 12 noon on March 04, 2016 (Friday).

Anirudha D. Jadhav
Assistant Manager

Press Release : 2015-2016/2032