RBI to conduct Rs 25,000 cr OMO sale auction of government securities on Oct 13
On October 13, the Reserve Bank of India plans to auction government securities valued at Rs 25,000 crore. This operation will present six distinct securities, each with maturities ranging between 2030 and 2034. The central bank will determine the accepted amounts and may opt for lower bids. At present, the banking sector holds a surplus liquidity estimated at approximately Rs 3.88 lakh crore.
The Reserve Bank of India is set to initiate bond sales to better regulate liquidity within the banking system. As of October 16, banks will face a stricter cash reserve ratio requirement, further enhancing liquidity oversight. This follows the RBI's first key policy rate hike in almost four years, hinting at possible future increases.
Top Trending Stocks: SBI Share Price , Axis Bank Share Price , HDFC Bank Share Price , Infosys Share Price , Wipro Share Price , NTPC Share Price
What is the real impact of 13x jump in cash transfers to women?
The NBFC saga - Part 2: Line drawn in 2006 is reason for the headlines today
Airlines Q2 turbulence: Fewer passengers, rising fares and a crude shock
Britannia’s next big bet for young India lies beyond biscuits
The world is witnessing a bond rout. Why should it matter to you?
Q2 earnings season: Will it settle or add to confusion in the stock market?
