Why RBI went for another "Operation Twist"

MUMBAI: The Reserve Bank of India (RBI) said Tuesday that it would buy longer duration bonds worth Rs 20,000 crore and sell an equivalent amount of debt maturing in the next two-three months, helping debt-market yields soften temporarily through its latest announcement on 'Operation Twist'.The central bank will conduct two auctions as part of the measures first deployed by the US Federal Reserve to help remove kinks in the broader yield curves.