RBI announces OMO Sale of Government of India Securities

The Reserve Bank of India (RBI) has announced plans to conduct an Open Market Operations (OMO) sale of Government of India securities worth ₹1,00,000 crore in three tranches throughout September 2026. The sale, which will be executed through a multi-security auction using the multiple price method, aims to manage liquidity conditions.

The securities being offered for sale are government securities (GS) with varying maturity dates, ranging from March 2029 to February 2032. The aggregate amount of each tranche is ₹50,000 crore, ₹25,000 crore, and ₹25,000 crore, respectively. The first tranche will be held on September 17, 2026, followed by the second on September 21, 2026, and the third on September 28, 2026.

The RBI reserves the right to decide on the quantum of sale for individual securities, accept bids for less than the announced aggregate amounts, and even sell slightly more or less due to rounding-off. Additionally, the central bank can choose to accept or reject any or all bids without providing a specific reason.

Eligible participants must submit their bids electronically through the RBI Core Banking Solution (E-Kuber) system between 9:30 am and 10:30 am on the auction dates. In case of a system failure, physical bids can be submitted to the Financial Markets Operations Department before 10:30 am in the prescribed format available on the RBI website. Successful participants must ensure that their funds are available in their current accounts by 12 noon on the day following the auction.