The Reserve Bank of India (RBI) on Friday stated it will 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 stated in a press release.
RBI will buy the SDLs via a multi-security public sale utilizing the a number of value technique. There is not any security-wise notified quantity.