RBI OMO sale demand exceeds notified amount
RBI’s first OMO sale of the year saw bids worth 66,590 crore versus a notified 50,000 crore, indicating stronger-than-expected demand; the RBI accepted bonds at yields higher than…
The central bank’s first open market operation (OMO) sale of the year drew a stronger-than-expected response, with market participants placing bids worth 66,590 crore against the notified amount of 50000 crore. The Reserve Bank of India (RBI) accepted bonds at yields higher than…