RBI Gets Good Response To Operation Twist
Money & Banking
The Reserve Bank of India (RBI) received good response from banks on Monday to its ‘Operation Twist’, entailing buying longer-dated bonds from banks and selling them shorter-dated ones.
The central bank received bids aggregating ₹64,746 crore at the open market operation (purchase) of four Government Securities (G-Secs), maturing in six to 10 years, against the notified amount of ₹10,000 crore.
The RBI received bids aggregating ₹50,260 crore at the open market operation (sale) of securities (cash management bills and treasury bills) maturing in the next couple months to a year, against the notified amount of ₹10,000 crore.
The ‘Operation Twist’ is aimed at correcting yields at the short-end, which came down sharply on account of the long-term repo operations conducted by the RBI, and the long-end of the Government Security, which went up, yield curve.
On Monday, the yield on the benchmark 6.45 per cent G-Sec maturing in 2029 came down a shade to close at 6.1527 per cent against Friday’s close of 6.1710 per cent, while that on the short-term G-Sec (7.37 per cent 2023 paper) went up a tad to 4.6655 per cent from 4.6539 per cent.
Published on
April 27, 2020
The Reserve Bank of India (RBI) received good response from banks on Monday to its ‘Operation Twist’, entailing buying longer-dated bonds from banks and selling them shorter-dated ones.
The central bank received bids aggregating ₹64,746 crore at the open market operation (purchase) of four Government Securities (G-Secs), maturing in six to 10 years, against the notified amount of ₹10,000 crore.
The RBI received bids aggregating ₹50,260 crore at the open market operation (sale) of securities (cash management bills and treasury bills) maturing in the next couple months to a year, against the notified amount of ₹10,000 crore.
The ‘Operation Twist’ is aimed at correcting yields at the short-end, which came down sharply on account of the long-term repo operations conducted by the RBI, and the long-end of the Government Security, which went up, yield curve.
On Monday, the yield on the benchmark 6.45 per cent G-Sec maturing in 2029 came down a shade to close at 6.1527 per cent against Friday’s close of 6.1710 per cent, while that on the short-term G-Sec (7.37 per cent 2023 paper) went up a tad to 4.6655 per cent from 4.6539 per cent.
Published on
USAA Members Benefit From ~$3.7 Billion In Financial Rewards In 2025
Record Amount Underscores Association’s Commitment to Military Families Read more
USAA Ranked Highest By J.D. Power For Second Consecutive Year For Member Satisfaction In Individual Annuities
USAA continues to set the standard for personalized, efficient and reliable service across the industry. Read more
USAA Launches “Honor Through Action,” Committing $500 Million Over Five Years To Champion The Military Community
Movement will focus on meaningful careers, financial security and well-being for our nation’s veterans and military fa... Read more
USAA Extends Government Shutdown Relief, Totaling More Than $411M To Its Members
Nov 05 2025 SAN ANTONIO – November 5 – As the government shutdown continues, USAA is e... Read more
USAA To Serve As Title Sponsor For HYROX Dallas In November 2025
Through military veteran athletes, content and onsite activation, USAA will elevate the importance of well-being through... Read more
USAA Delivers Advice, Financial Assistance As Government Shutdown Continues
FOR THE LATEST DATA ON USAA SHUTDOWN RELIEF, VISIT USAA STORIES: LINK Read more