RBI invites bids for government securities

The RBI press release dated 10 March, 2021 has announced the Special Open Market Operations (OMO) Simultaneous Purchase and Sale of Government of India Securities. Eligible participants should submit their bids/offers in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 10:00 am and 11:00 am on March 18, 2021. The result of the auctions will be announced on the same day and successful participants should ensure availability of funds/securities in their Current account/SGL account, as the case may be, by 12 noon on March 19, 2021.