Despite the increase in government borrowings and the significant loss of revenue due to the lockdown, the government securities (G-secs) market remained resilient and stable owing to targeted interventions by the RBI comprising Long Term Repo Operations (LTROs), outright Open Market Operations (OMO) purchases and Operation Twists, the article said.
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Unknown titletem ensured short-term rates remained anchored and soft, relative to the policy repo rate, aiding monetary policy transmission with positive spillovers to other segments of the market spectrum. <span>Despite the increase in government borrowings and the significant loss of revenue due to the lockdown, the government securities (G-secs) market remained resilient and stable owing to targeted interventions by the RBI comprising Long Term Repo Operations (LTROs), outright Open Market Operations (OMO) purchases and Operation Twists, the article said. It said a combination of aggressive policy easing, and the liquidity measures caused yields on G-Secs to drop to their lowest level in more than a decade. However, long-term rates have Summary
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