RBI to conduct first-ever OMO purchase of SDLs on Oct 22

Reserve Bank of India will conduct its first-ever Open Market Operation (OMO) purchase of State Developments Loans (SDLs) on 22nd October. The OMOs worth ten thousand crore rupees will be conducted as a special case during the current financial year with an aim to improve liquidity and facilitate efficient pricing. The size



of the auctions may be enhanced subsequently, depending on the market response.