Reserve Bank of India on Tuesday said it will conduct simultaneous purchase and sale of government securities under Open Market Operations (OMO).
The central bank said it would be selling four securities totalling Rs 10,000 crore and will be purchasing four securities of the same amount.
- PTI
- Last Updated: August 25, 2020, 12:17 PM IST
“On a review of current and evolving liquidity and market conditions, the Reserve Bank has decided to conduct simultaneous purchase and sale of government securities under OMO for an aggregate amount of Rs 20,000 crores in two tranches of Rs 10,000 crores each,” it said. On August 27, the central bank said it would be selling four securities totalling Rs 10,000 crore and will be purchasing four securities of the same amount.
The simultaneous purchase and sale of government securities programme involves purchasing government securities of longer maturities and selling equal amount of securities of shorter maturities. PTI NKD DRR..
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