Image Source : PTI RBI to conduct simultaneous sale-purchase of govt securities subsequent week
The Reserve Bank of India (RBI) on Thursday introduced it is going to conduct simultaneous buy and sale of presidency securities below Open Market Operations (OMO) for Rs 10,000 crore every on January 14. The choice was taken after a evaluation of present liquidity and monetary circumstances, it mentioned in an announcement.
Simultaneous buy and sale of presidency securities below OMOs, popularly often called Operation Twist, entails buying G-Sec of longer maturities and promoting G-Sec of shorter maturities.
On January 14, the RBI will buy three authorities securities of various maturity dates aggregating to Rs 10,000 crore and promote two securities aggregating to the identical quantity utilizing the a number of worth public sale methodology.
According to the central financial institution, it reserves the best to determine on the quantum of buy/ sale of the securities. The results of the auctions will likely be introduced on the identical day.
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