RBI buys ₹10,000 cr worth long-term govt securities in 2nd special OMO1 min read . Updated: 30 Dec 2019, 07:30 PM IST
- Though RBI offered to sell four securities in the auction, it accepted bids for three securities only
- These special OMO auctions are similar to the US Federal Reserves' 'Operation Twist' aimed at faster transmission of policy rates
Mumbai: In the second special open market operation (OMO), the Reserve Bank of India on Monday bought ₹10,000 crore of long-term government securities and sold ₹8,501 crore of three short-term bonds.
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