RBI announces special OMO for purchase, sale of Rs 10,000 cr G-Secs on Sept 10
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Synopsis
This is the first tranche of such purchase and sale to the tune of Rs 20,000 crore, under the relaunched “Operation Twist” wherein the central bank will conduct such simultaneous auctions of sale of long-dated securities, and purchase of those maturing in the near term.
RBI said the auctions would be conducted on September 10 and 17, and added it remains committed to conduct further such operations as warranted by the market conditions.