Document Title: Open Market Operation (OMO) – Sale of Government of India Securities – Cut‑Offs
Issuing Authority: Reserve Bank of India
Reference: Press Release: 2026-2027/1155
Date: September 21, 2026
Policy Rates and Liquidity
The RBI conducted an open market operation on 21 September 2026, offering government securities with a total notified face value of ₹25,000 crore. The operation is intended to absorb liquidity from the market as part of the central bank’s monetary management framework.
Capital Markets and Flows
The securities were offered across six maturities. No bids were received for the 2027 issue. Accepted face‑value bids were ₹180 crore for the 2028 issue, ₹2,300 crore for 2029, ₹2,250 crore for 2030, ₹11,512 crore for 2031, and ₹8,758 crore for 2032. The cut‑off yields were 6.1320 % for 2028, 6.6862 % for 2029, 6.7740 % for 2030, 6.8753 % for 2031, and 7.0083 % for 2032, with corresponding cut‑off prices of ₹101.26, ₹100.17, ₹101.23, ₹96.86 and ₹104.50 respectively.
Regulatory and Policy Measures
The RBI will publish detailed results of the operation shortly. The OMO reflects the central bank’s ongoing use of market operations to manage short‑term liquidity and guide market yields on government securities.
The operation demonstrates the RBI’s active stance in liquidity absorption and yield management within the government securities market.