India bond yields slump on cenbank's OMO plan to infuse liquidity

December 3, 2015 3:48 AM

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MUMBAI Dec 3 Indian sovereign bond yields tumbled on Thursday after the Reserve Bank of India announced bond purchases of up to 100 billion rupees ($1.50 billion) to infuse liquidity into the banking system.

The RBI will conduct the bond purchases via open market operations (OMO) on Dec. 7, it said in a release after market hours on Wednesday.

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