RBI to conduct open market operations worth Rs 20,000 crore

The Reserve Bank of India (RBI) has announced the sale and purchase of government securities worth Rs 20,000 crore under open market operations.
The OMO would be conducted in two tranches, each worth Rs 10,000 crore. The auctions would be conducted on August 27, 2020 and September 3, 2020.
For the OMO to be held on August 27, the RBI will be buying longer-dated government securities maturing between 2024 to 2032 while it will selling securities that mature between October and November this year.
The Reserve Bank said it will continue to monitor evolving liquidity and market conditions and take measures as appropriate to ensure orderly functioning of financial markets.
The securities for the second tranche auction on September 03, 2020 will be announced separately.