The Reserve Bank of India (RBI) on Monday conducted its ‘Operation Twist’ of Rs 10,000 crore, in which it simultaneously bought and sold bonds from the secondary market. The market response was healthy enough, as the bid and offer pattern showed.
ALSO READ: Amazon strengthens tie-up with Railways for faster delivery of essentials Market participants offered long-term bonds worth Rs 64,747 crore for the Rs 10,000 crore that the central bank planned to buy. The RBI bought bonds maturing between 2026 and 2030 through this facility. The cut-off yield was slightly ...
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