Business & Finance

Indian central bank buys 96.58bn rupees bonds

Published May 17, 2013 Updated May 17, 2013 12:00pm

MUMBAI; The Reserve Bank of India has bought 96.58 billion rupees ($1.8 billion) of bonds, but did not sell any debt in the week to May 10 through outright open market operations (OMOs), it said in a statement on Friday.

The central bank did not buy or sell bonds through outright OMOs in the previous week.