The decision was taken after a review of the current liquidity and financial conditions, the RBI said in a statement.
On November 26, the RBI will purchase three government securities of different maturity dates aggregating to Rs 10,000 crore. (Photo: IANS)
The Reserve Bank on Thursday said it will conduct open market operations (OMOs) involving simultaneous purchase and sale of government securities for Rs 10,000 crore each on November 26.
The decision was taken after a review of the current liquidity and financial conditions, the RBI said in a statement.
Simultaneous purchase and sale of government securities under OMOs, popularly known as Operation Twist, involves purchasing G-Sec of longer maturities and selling equal amount of G-Sec of shorter maturities.
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On November 26, the RBI will purchase three government securities of different maturity dates aggregating to Rs 10,000 crore and sell two securities aggregating to the same amount using the multiple price auction method. The result of. The auction will be announced on the same day.
The central bank further said it reserves the right to decide on the quantum of purchase or sale of individual securities.
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