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RBI announces third round of operation twist

Jan 03, 2020 12:42 IST

The RBI on Thursday announced its third round of simultaneous purchase and sale of government securities, under which the central bank would purchase ₹10,000 crore worth of long-term govt bonds and sell an equivalent amount of short-term securities. Unlike in the last two rounds, the RBI will now buy bonds maturing in 2024 and 2026, besides the 10-year bonds maturing in 2029. At the same time, it will sell short-term government bonds maturing in 2020.

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