"Based on an assessment of prevailing liquidity conditions and also of the durable liquidity needs going forward, the RBI has decided to conduct purchase of (six) Government securities under OMOs for an aggregate amount of Rs 150 billion on June 13, 2019 (Thursday) through multi-security auction using the multiple price method," the central bank said in a statement.
It further said there is an overall aggregate ceiling of Rs 15,000 crore for all the securities in the basket put together and there is no security-wise notified amount.
The result of the auction will be announced on the same day and payment to successful participants will be made on the following day.
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