Document title: RBI announces OMO Sale of Government of India Securities
Issuing authority: Reserve Bank of India
Date: October 09, 2026
Policy rates and liquidity
The Reserve Bank of India, after reviewing current and evolving liquidity conditions, has decided to conduct an open market operation (OMO) sale auction of Government of India securities for an aggregate amount of ₹25,000 crore. The auction is scheduled for October 13, 2026 and will be executed through a multi‑security auction using the multiple price method. This action is intended to manage liquidity in the financial system.
Capital markets and flows
The securities offered comprise six Government of India bonds with varying coupons and maturities: 7.88% GS 2030 (ISIN IN0020150028, maturity 19‑Mar‑2030), 6.10% GS 2031 (ISIN IN0020210095, maturity 12‑Jul‑2031), 7.95% GS 2032 (ISIN IN0020020106, maturity 28‑Aug‑2032), 7.26% GS 2033 (ISIN IN0020220151, maturity 06‑Feb‑2033), 7.18% GS 2033 (ISIN IN0020230085, maturity 14‑Aug‑2033), and 7.10% GS 2034 (ISIN IN0020240019, maturity 08‑Apr‑2034). The total aggregate amount of ₹25,000 crore is not broken down security‑wise. The RBI reserves the right to decide the quantum of sale for each security, accept bids for less than the aggregate amount, adjust the final amount marginally due to rounding‑off, and accept or reject any or all bids wholly or partially without assigning any reason.
Regulatory and policy measures
Eligible participants must submit their bids electronically on the RBI Core Banking Solution (E‑Kuber) system between 9:30 am and 10:30 am on October 13, 2026. In the event of a system failure, physical bids may be submitted to the Financial Markets Operations Department (email: laffmd@rbi.org.in, phone: 022‑22630982) using the prescribed form available on the RBI website, also before 10:30 am. The result of the auction will be announced on the same day, and successful participants are required to ensure availability of funds in their current account by 12 noon on October 14, 2026.
The RBI’s OMO sale aims to fine‑tune liquidity conditions through a sizable ₹25,000 crore securities auction, with clear procedural guidelines for electronic and fallback physical bidding, and a tight timeline for settlement.