The Reserve Bank of India (RBI) on February 24 said it will conduct simultaneous sale and purchase of government bonds under a special Open Market Operations (OMO) on Mar.04, 2021.
The RBI will buy and sell bonds worth Rs 150 billion each on that day.
"On a review of current liquidity and financial conditions, the Reserve Bank has decided to conduct simultaneous purchase and sale of Government securities under OMO for an aggregate amount of Rs 150 billion each on Mar.04, 2021," said the RBI.
The RBI conducts special OMOs to support the liquidity situation in the market and manage the bond yield.
The Reserve Bank will continue to monitor evolving liquidity and market conditions and take measures as appropriate to ensure orderly functioning of financial markets.