RBI announces OMO Sale of Government of India Securities
Distilled Policy Brief
- The Reserve Bank of India announced an OMO sale auction of Government of India securities for an aggregate amount of ₹25,000 crore on October 13, 2026.
- Eligible participants must submit bids electronically through the RBI Core Banking Solution (E-Kuber) system.
🎯 Prelims High-Yield Examination Points
RBI conducts Open Market Operations (OMOs) through the E-Kuber platform.
⚖️ Mains Analytical & Syllabus Linkages
Analyze the role of Open Market Operations in liquidity management and monetary policy transmission by the central bank.
🎯 UPSC Prelims Practice Drill
With reference to the Open Market Operations (OMO) sale of Government of India securities conducted by the Reserve Bank of India (RBI), consider the following statements: 1. Eligible participants are required to submit their bids electronically through the RBI's Core Banking Solution (E-Kuber) system. 2. In the event of an electronic system failure, physical bids are strictly prohibited from being accepted under any circumstances. Which of the statements given above is/c correct?
- [A] 1 only
- [B] 2 only
- [C] Both 1 and 2
- [D] Neither 1 nor 2
▶ Reveal Official Answer & Analytical Explanation
Statement 1 is correct because eligible participants must submit their bids electronically on the Reserve Bank of India Core Banking Solution (E-Kuber) system. Statement 2 is incorrect because the guidelines explicitly state that only in the event of a system failure, physical bids would be accepted if submitted in the prescribed form before the stipulated deadline.
🏛️ Historical Twin PYQ Anchor (2021)
Consider the following statements regarding the "National Clean Air Programme (NCAP)": 1. It is implemented by the Ministry of Environment, Forest and Climate Change. 2. Central Pollution Control Board acts as the sole regulatory executive body.