RBI ‘twists’ once more; publicizes yet one other spherical of OMOs

Closing Updated : Aug 25, 2020 11: 15 AM IST | Offer: Moneycontrol.com

The auctions could well maybe be conducted on August 27, 2020 and September 03, 2020, the RBI said.

The Reserve Bank on Tuesday said it has decided to habits yet one other spherical of simultaneous purchase and sale of govt securities below Open Market Operation (OMO) for an mixture amount of Rs 20,000 crore.

These auctions will be performed in two tranches of Rs 10,000 crore every, the RBI said.

The auctions could well maybe be conducted on August 27, 2020 and September 03, 2020, the RBI said.

RBI’s OMOs below which bonds are bought and offered concurrently is identified as ‘Operation Twist’. Below this, the RBI buys long-term bonds and sells short-term govt securities (G-Secs) concurrently.

First Published on Aug 25, 2020 11: 15 am

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