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First State loans OMO on Oct. 22: RBI

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The Reserve Bank of India (RBI) on Friday mentioned it could conduct Open Market Operation (OMO) buy of State Developments Loans as per its October 9 announcement. The OMO is to be carried out on October 22 for ₹10,000 crore.

“Depending on market response, the size of the auctions may be enhanced in subsequent auctions,” the RBI mentioned in an announcement.

RBI will buy the SDLs by means of a multi-security public sale utilizing the a number of value technique. There isn’t any security-wise notified quantity.

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