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RBI Announces Rs 1 Lakh Crore OMO Purchase in Two Tranches

The Reserve Bank of India will conduct Open Market Operation purchase auctions totaling Rs 1 lakh crore in two equal tranches on March 9 and 13, 2026. The first auction on March 9 will involve purchasing multiple government securities through a multi-security auction. Eligible participants must submit offers electronically via the E-Kuber system, with provisions for physical submission in case of system failure. The results will be announced on the auction day, with successful participants required to have securities available in their SGL accounts by noon the following day.

Key Points: RBI Rs 1 Lakh Crore OMO Purchase Auctions on March 9, 13

  • Rs 1 lakh crore total purchase
  • Two equal tranches of Rs 50,000 crore
  • Multi-security auction using multiple price method
  • Results announced same day
  • Offers via E-Kuber system
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RBI to conduct Rs 1 lakh crore OMO purchase auctions in two tranches on March 9, 13

RBI to conduct Open Market Operation purchase auctions worth Rs 1 lakh crore in two tranches on March 9 and 13, 2026, to manage liquidity.

"The Reserve Bank of India has announced that it will conduct Open Market Operation purchase auctions... to manage liquidity and financial conditions. - RBI"

New Delhi, March 7

The Reserve Bank of India has announced that it will conduct Open Market Operation purchase auctions of Government of India securities worth Rs 1,00,000 crore in two tranches to manage liquidity and financial conditions.

According to the central bank, the auctions will be conducted in two equal tranches of Rs 50,000 crore each on March 9 and March 13, 2026.

For the March 9 auction, the RBI said it will purchase multiple Government securities through a multi-security auction using the multiple price method. The securities include 6.01 per cent GS 2030, 6.10 per cent GS 2031, 7.18 per cent GS 2033, 6.19 per cent GS 2034, 6.33 per cent GS 2035, 6.92 per cent GS 2039 and 7.30 per cent GS 2053.

The central bank noted that there is no security-wise notified amount and the aggregate purchase amount for the auction will be Rs 50,000 crore.

The RBI also stated that it reserves the right to decide the quantum of purchase of individual securities, accept offers for less than the aggregate amount, purchase marginally higher or lower than the aggregate amount due to rounding-off, and accept or reject any or all offers without assigning reasons.

Eligible participants have been asked to submit their offers electronically on the RBI Core Banking Solution, E-Kuber system between 9:30 am and 10:30 am on March 9. In case of system failure, physical offers may be submitted to the Financial Markets Operations Department before 10:30 am.

The results of the auction will be announced on the same day, and successful participants must ensure the availability of securities in their SGL accounts by 12 noon on March 10, the RBI release added.

- ANI

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Reader Comments

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Sarah B
As someone working in finance, the details here are crucial. The multi-security, multiple price method gives the RBI flexibility. The inclusion of long-dated bonds like the 2053 GS shows they're looking to manage the long end of the curve. A very technical but significant operation.
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Priya S
Can someone explain in simple terms what this means for a regular salaried person? Will our fixed deposit rates go down further? That's my main concern. The RBI's actions sometimes feel like they only benefit the big banks and institutions.
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Vikram M
The timing is interesting - two tranches just before the financial year closes. This will help banks meet their SLR requirements comfortably. It's a smart liquidity management tool. Hoping some of this liquidity finds its way to MSME loans.
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Rohit P
The clause where RBI can reject any offer without reason gives them complete control. While necessary for smooth operations, it does feel a bit heavy-handed. Transparency is key in such large-scale market operations.
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Karthik V
Good to see the RBI being proactive. With global uncertainty, managing domestic liquidity is crucial for growth. This should support government borrowing programs and keep infrastructure projects on track. Jai Hind! 🇮🇳

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