Reserve Bank of India to buy 120bn rupees of bonds in open market

Thursday, 29 November 2012 17:11

Posted by Shoaib-ur-Rehman Siddiqui

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MUMBAI: Reserve Bank of India will buy 120 billion rupees ($2.2 billion) of federal government bonds on Dec. 4 through open market operations (OMO), it said in a release on Thursday.

The Reserve Bank of India will buy 8.24 percent 2018 bonds, 8.19 percent 2020 bonds, 8.15 percent 2022 bonds and 8.28 percent 2027 bonds.