The Presidents/Chief Executive Officers

All DFIs

Dear Sirs/Madams,

Open Market Operations

Please refer to DMMD Circular No. 12 of 2017 in terms of which all Schedule Banks and Primary Dealers are allowed to participate in Open Market Operations (OMOs).

It has been decided to allow Development Finance Institutions (DFIs) to participate in OMOs with a view to facilitate them in their liquidity management. Accordingly, DFIs would also be eligible to participate in OMOs as per instructions and procedure for OMOs stipulated in above referred master circular.

All other instructions on the subject will remain unchanged.