The Reserve Bank on Thursday said it will conduct simultaneous purchase and sale of government securities under open market operations (OMOs) for an aggregate amount of Rs 10,000 crore each next week.
The decision was taken after a review of the current liquidity and financial conditions, RBI said in a statement.
Simultaneous purchase and sale of government securities under OMOs, popularly known as Operation Twist, involves purchasing G-Sec (government securities) of longer maturities and selling equal amount of G-Sec of shorter maturities.