You are here: Home » Finance » News » Others
Business Standard

RBI to buy and sell Rs 10,000 cr market bonds simultaneously under OMO

This is the first such 'Operation Twist' this fiscal in which RBI will buy long-term bonds and sell-short term bonds maturing this year

Topics
Reserve Bank of India | Bonds | bond market

BS Reporter  |  Mumbai 

The RBI was at the forefront of providing stimulus to the economy last year, while the Narendra Modi-led government followed with modest fiscal steps

The (RBI) on Thursday said it will be simultaneously buying and selling Rs 10,000 crore of secondary market under its special open market operations programme.
.

This is the first such 'Operation Twist' this fiscal in which the RBI will purchase long-term and sell-short term maturing this year.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, April 29 2021. 19:49 IST
RECOMMENDED FOR YOU
.