The RBI had announced to purchase and sell simultaneously government securities under Open Market Operations (OMO) for ₹10,000 crore each, last week. Though RBI offered to sell four securities in the auction, it accepted bids for three securities only. The RBI offered to sell four government securities - 6.65 per cent GS 2020; 7.80 per cent GS 2020; 8.27 per cent GS 2020 and 8.12 per cent GS 2020 through OMO sale. It accepted only ₹8,501 crore worth of bids for the three securities as against ₹38,551 crore bids it received in for four securities in the OMO sale auction. For 8.12 per cent GS 2020 security, the RBI received 49 bids but did not accept any bid.

Source: Mint December 30, 2019 13:30 UTC