RBI announces OMO worth Rs 20,000 Cr to tame govt security (G-Sec) yields
G-Sec yields jumped almost 24 basis points in the last six trading sessions
The spike came in the backdrop of a rise in retail inflation & RBI holding the repo rate
One basis point is equal to 1/100th of a percentage point
RBI will purchase 4 G-Secs, which are maturing in 2024
