RBI announces second round of 'Operation Twist'

The RBI will conduct a second round of simultaneous bond buying and selling on Monday in an effort to lower long-term borrowing costs. It will purchase ₹10,000 crore worth of government bonds maturing in 2029 and sell ₹10,000 crore worth of short-term government bonds maturing in 2020. The move is similar to the US Federal Reserve's 'Operation Twist' in 2011-12.

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