For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

RBI To Conduct Fourth Round Of ‘Operation Twist’ On 23 January

|

On Thursday, the Reserve Bank of India (RBI) announced that it will carry out its fourth special open market operation (OMO) on 23 January, wherein, it will simultaneously purchase and sell government securities worth Rs 10,000 crore each.

RBI To Conduct Fourth Round Of ‘Operation Twist’ On 23 January
 

At its third round of special OMO on 6 January, the central bank bought three long-term securities worth Rs 10,000 crore and sold three short-term bonds of the same amount.

"On a review of the current liquidity and market situation and an assessment of the evolving financial conditions, the Reserve Bank has decided to conduct simultaneous purchase and sale of government securities under Open Market Operations (OMO) for Rs 10,000 crores each on January 23, 2020 (Thursday)," RBI press release read.

"The eligible participants should submit their bids/offers in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 9:00 am and 11:00 am on January 23, 2020 (Thursday)," it added.

In December, RBI conducted its first-ever special OMO, which is similar to the 'Operation Twist' carried on by USA's central bank-the Federal Reserve- for over a decade, where it buys and sells securities of the same amount.

Through the operation, a central bank's objective is to manage the yield curve.

Read more about: rbi omo
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more