The RBI on Thursday announced it will habits simultaneous grab and sale of presidency securities beneath Delivery Market Operations (OMO) for Rs 10,000 crore every on January 7, 2021
The resolution used to be taken after a evaluation of recent liquidity and monetary prerequisites, the Reserve Bank said in an announcement.
Simultaneous grab and sale of G-sec beneath OMOs, popularly identified as Operation Twist, involves procuring the securities of longer maturities and selling an equal fee of securities of shorter maturities.
On January 7, the RBI will grab three government securities (G-Sec) of completely different maturity dates aggregating to Rs 10,000 crore and sell two securities aggregating to the an identical quantity the exhaust of the a number of rate auction scheme.
The RBI additional said it reserves the precise to attain to a resolution on the quantum of grab/sale of the securities.
The end consequence of the auctions shall be announced on the an identical day.
(Handiest the headline and image of this document would possibly per chance perchance perchance perchance have been remodeled by the Commerce Frequent workers; the relaxation of the philosophize is auto-generated from a syndicated feed.)
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First Printed: Thu, December 31 2020. 23: 40 IST