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RBI announces Operation Twist worth ₹10,000 crore on 25 Feb

RBI announces Operation Twist worth ₹10,000 crore on 25 Feb RBI will simultaneously sell and purchase government securities worth ₹10,000 crore under open market operations. (Mint)Premium Share Via Read Full Story The Reserve Bank of India (RBI) Monday said it will simultaneously sell and purchase government securities (G-Secs) worth ₹10,000 crore under open market operations (OMOs) on 25 February. Typically, the central bank conducts OMO sales to drain out liquidity and OMO purchases to infuse liquidity. RBI will purchase securities maturing in 2025, 2029 and 2033, and sell short-dated securities maturing in November this year and February 2022. The yield on 10-year G-Sec was trading up 2 basis points at 6.01% on Monday. One basis point is one-hundredth of a percentage point.

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