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The Reserve Bank of India (RBI) on Monday will simultaneously purchase and sell government securities worth 10,000 crore rupees under a special Open Market Operation (OMO).

Such exercises are done by the central bank when the proceeds from the sale of short-term securities are used to buy long-term government



securities or bonds in a bid to bring down interest rates on long-term securities.

RBI said, the eligible participants should submit their bids/offers in electronic format on the RBI's Core Banking Solution (E-Kuber) system between 10.30 a.m. and 12.00 noon on 23rd of this month. 



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