RBI announces ₹20,000 crore open market operations

The Reserve Bank has decided to conduct purchase of government securities under Open Market Operations (OMO) for an aggregate amount of 20,000 crore on February 10. This announcement comes in the wake of sharp jump in yields of government bonds over the past two weeks.After the announcement, India 10-year bond yield eased to 6.034% as compared to previous close of 6.071%.

Holding policy interest rates unchanged at record lows on Friday, RBI Governor Shaktikanta Das assured investors that its stance on liquidity remained accommodative and that the government's 12.06 trillion borrowing programme for the fiscal year starting April would be managed in a smooth and orderly manner.