Reserve Bank of India to Buy & Sell Govt Bonds worth Rs 10,000 crore

RBI will simultaneously purchase and sell government securities worth 10,000 crore rupees under a special Open Market Operations (OMO).
Such exercises are done by the central bank when the proceeds from the sale of short-term securities are used to buy long-term government securities or bonds in a bid to bring down interest rates on long-term securities.
source: newsonair

Published On : 21 Dec 2019