RBI’s Operation Twist to Boost Lending
The Reserve Bank of India (RBI) conducted two rounds of Operation Twist on 23rd and 30th December, 2019, under which it sold short-term securities worth Rs 10,000 crore through the Open Market Operations (OMO) and purchased long term securities of the same value. The concept was drawn from US Federal Reserve’s Operation Twist that was announced in September 2011, to make long-term borrowing cheaper and spur bank lending.
Need
- India’s economy is reeling under pressure due to a slew of factors including a slump in demand and lower consumption. The central bank has cut 135 basis points throughout the year, ....
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