The Reserve Bank of India (RBI) has announced that it will conduct an Open Market Operation (OMO) purchase auction of Government of India securities worth Rs 50,000 crore on March 13, 2026, as part of its liquidity management measures.

The central bank said it will purchase multiple government securities through a multi-security auction using the multiple price method. The securities selected for the operation have maturities ranging from 2029 to 2046. No specific security-wise purchase amount has been notified.

The RBI has retained the discretion to determine the quantum of purchase for individual securities and may accept offers for less than the aggregate amount. It may also purchase marginally higher or lower amounts due to rounding adjustments and reserves the right to accept or reject bids either fully or partially without assigning reasons.

Eligible participants have been instructed to submit their bids electronically through the RBI’s E-Kuber system between 9:30 am and 10:30 am on March 13. Physical bids will be accepted only in case of technical issues with the system.

The results of the auction will be announced on the same day. Successful bidders must ensure the availability of securities in their Subsidiary General Ledger (SGL) accounts by noon on March 16, 2026.

The OMO purchase is aimed at managing systemic liquidity and ensuring orderly conditions in the financial markets.