On October 13, 2026, the RBI conducted an Open Market Operation (OMO) sale auction, successfully raising ₹25,000 crore by selling government securities across maturities from 2030 to 2034, with cut-off yields ranging from 7.1428% to 7.3755%.
RBI OMO sale raises ₹25,000 crore via auction of GOI securities
The Reserve Bank of India conducted an Open Market Operation (OMO) sale auction on October 13, 2026, issuing government securities with a total face value of ₹25,000 crore. The auction attracted bids worth ₹55,518 crore, reflecting strong investor participation. The RBI accepted the full notified amount, allocating the securities across six different Government of India (GOI) bonds maturing between 2030 and 2034.
The cut-off yields varied across securities: 7.1428% for 7.88% GS 2030, 7.2768% for 6.10% GS 2031, 7.3358% for 7.95% GS 2032, 7.3755% for 7.26% GS 2033, 7.3507% for 7.18% GS 2033, and 7.3755% for 7.10% GS 2034. The weighted acceptance and competitive bidding indicate active market engagement in medium to long-term government debt.
OMOs are a key instrument in the RBI’s monetary operations, used to modulate liquidity and influence bond yields. This sale, combined with VRRR auctions, signals a calibrated withdrawal of liquidity, aligning with the central bank’s stance on inflation management and yield curve control. For market participants, the auction outcomes provide benchmarks for pricing in the debt capital markets.