 "RBI")
RBI's special market operations such as Operation Twist (OT) and Long Term Repo Operations (LTRO) can be useful in facilitating monetary policy transmission when the regular transmission mechanism does not perform as expected, according to an article published in the central bank's bulletin.
The Reserve Bank of India (RBI) initiated two special market operations -- OT and LTRO since December 2019 and February 2020, respectively. They were designed to ensure comfortable liquidity in the financial system and to facilitate monetary policy transmission.
"Our analysis indicates that special operations such as OT and LTRO, which directly intervene in the bond market
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