The Reserve Bank of India (RBI) has announced an Open Market Operation (OMO) sale of government securities (G-Secs) valued at Rs 25,000 crore. This significant auction is scheduled for September 28, 2026, with the primary objective of managing liquidity within the financial system.
The OMO sale will feature a range of government bonds with maturity dates spanning from 2029 to 2032. Specific securities offered for sale include:
- 7.59 per cent GS 2029
- 6.45 per cent GS 2029
- 7.61 per cent GS 2030
- 5.85 per cent GS 2030
- 6.54 per cent GS 2032
- 7.26 per cent GS 2032
Eligible participants interested in bidding for these government bonds must submit their offers electronically. The RBI's Core Banking Solution, known as the E-Kuber system, will facilitate electronic bid submissions between 9:30 am and 10:30 am on the auction day, September 28, 2026.
Bidding Process and RBI's Discretion
In the rare event of a system failure, physical bids will be accepted. These must be submitted in the prescribed format to the Financial Markets Operations Department before 10:30 am on the same day.
The central bank retains considerable discretion regarding the auction process. The RBI reserves the right to determine the sale amount for individual securities, accept bids for less than the total announced amount, or even sell slightly more or less due to rounding adjustments. Furthermore, the RBI can accept or reject any or all bids, either in full or in part.
Auction Results and Settlement
The results of this crucial OMO auction will be made public on September 28, 2026, the same day the bids are placed. Successful bidders are required to ensure that the necessary funds are available in their current accounts by 12 noon on September 29, 2026, to facilitate the settlement process.