India cenbank to buy up to 100 bln rupees of govt bonds via OMO on Dec. 7

December 2, 2015 1:50 PM

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MUMBAI Dec 2 Reserve Bank of India said on Wednesday it will buy up to 100 billion rupees ($1.50 billion) of government bonds on Dec. 7 through open market operations to inject cash into the banking system, its first purchases from markets since Oct. 28.

The RBI will buy 7.83 percent 2018 bonds, 7.28 percent 2019 bonds, 8.40 percent 2024 bonds, and 7.88 percent 2030 bonds, the central bank said.

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