RBI to conduct Rs 50,000 crore OMO purchase Dec 18

• RBI to conduct Rs 50,000 crore OMO purchase on December 18.
• The OMO purchase will involve government securities maturing between 2029 and 2054.
• The operation will be carried out through a multi-security auction using the multiple price method.
• Eligible participants must submit bids electronically on RBI’s E-Kuber system on December 18 between 9:30 am and 10:30 am.

Why It Matters: RBI's large bond purchase impacts market liquidity and borrowing costs.