RBI to conduct simultaneous sale-purchase of govt securities subsequent week

Image Source : PTI RBI to conduct simultaneous sale-purchase of govt securities subsequent week
The Reserve Bank of India on Monday introduced it can conduct simultaneous buy and sale of presidency securities beneath Open Market Operations (OMO) for Rs 10,000 crore every on February 25, 2021. The determination was taken after a overview of present liquidity and monetary situations, the RBI stated in a press release.
Simultaneous buy and sale of presidency securities beneath OMOs, popularly often known as Operation Twist, entails buying G-Sec of longer maturities and promoting equal quantity of G-Sec of shorter maturities.

On February 25, 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 technique.
The RBI additional stated it reserves the suitable to determine on the quantum of buy/sale of the securities.
The results of the auctions can be introduced on the identical day. 
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