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RBI to buy, sell govt bonds worth Rs 10,000cr on Monday

RBI to buy, sell govt bonds worth Rs 10,000cr on Monday

Friday, December 20, 2019, 4:11 PM

The Reserve Bank of India (RBI) on Monday will simultaneously purchase and sell government securities worth Rs 10,000 crore under a special Open Market Operation (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.
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