RBI had decided to carry an OMO worth Rs20,000cr in two tranches of Rs10,000cr each. The first tranche was completed on September 10, 2020. While the second would be held on September 17, 2020.
RBI says they reserve the following rights:
- decide on the quantum of purchase/sale of individual securities.
- accept bids/offers for less than the aggregate amount.
- purchase/sell marginally higher/lower than the aggregate amount due to rounding-off.
- accept or reject any or all the bid/offers either wholly or partially without assigning any reasons