RBI to conduct OMO Purchase of G-Secs for ` 10,000 crore on November 24, 2011

Consistent with the stance of monetary policy and based on the current assessment of prevailing and evolving liquidity conditions, the Reserve Bank of India has decided to conduct Open Market Operations (purchase of government securities) for an aggregate amount of ` 10,000 crore on November 24, 2011. The OMO will be conducted through multi-security auction using the multiple price method.  The details of the securities will be announced shortly.

Alpana Killawala
Chief General Manager

Press Release : 2011-2012/774