Document title: RBI announces OMO Sale of Government of India Securities
Issuing Authority: Reserve Bank of India
Reference: Press Release 2026-2027/1137
Date: 17 September 2026
Policy Rates and Liquidity
The Reserve Bank of India (RBI) announced that it will 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 21 September 2026. The securities offered include six different bonds with varying coupons and maturities, namely 8.28% GS 2027, 7.17% GS 2028, 6.75% GS 2029, 7.17% GS 2030, 6.10% GS 2031 and 7.95% GS 2032. The full ₹25,000 crore amount is specifically associated with the 6.75% GS 2029 security, while the other securities have no security‑wise notified amount. The RBI reserves the right to decide the quantum of sale for each security, to accept bids for less than the aggregate amount, to adjust the final sale amount marginally due to rounding‑off, and to accept or reject any or all bids wholly or partially without assigning any reason.
Capital Markets and Flows
Eligible participants are required to submit their bids electronically through the RBI Core Banking Solution (E‑Kuber) system between 09:30 am and 10:30 am on 21 September 2026. In the event of a system failure, physical bids may be submitted in the prescribed form obtainable from the RBI website, addressed to the Financial Markets Operations Department (email: laffmd@rbi.org.in, phone: 022‑22630982) before 10:30 am on the same day. The result of the auction will be announced on the same day, and successful participants must ensure that funds are available in their current account by 12 noon on 22 September 2026.
Regulatory and Policy Measures
The RBI explicitly states its discretion to modify the quantum of each security sold, to accept lower‑than‑aggregate bids, and to make minor adjustments due to rounding. It also retains the authority to accept or reject any bids, either wholly or partially, without providing a rationale. These provisions underscore the RBI’s flexibility in managing liquidity through open market operations.
The announcement reflects the RBI’s ongoing use of OMO sales to absorb liquidity from the system, with a clear procedural framework for participants and a defined timeline for bid submission, result declaration, and fund settlement.