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The Reserve Bank of India on Tuesday said it will buy up to 120 billion rupees ($2.26 billion) of government bonds via open market operations on Friday, including the 10-year paper which till recently was the benchmark paper.
The Reserve Bank of India said it will buy 8.07 per cent 2017 bonds, the 7.80 per cent 2021 bonds, the 8.13 per cent 2022 bonds and the 8.26 per cent 2027 bond using multiple-price method.
The RBI said it keeps the right to decide on the quantum of purchase of individual securities and accept or reject any or all of the offers, either wholly or partially, if it desired.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
The Reserve Bank of India on Tuesday said it will buy up to 120 billion rupees ($2.26 billion) of government bonds via open market operations on Friday, including the 10-year paper which till recently was the benchmark paper.
The Reserve Bank of India said it will buy 8.07 per cent 2017 bonds, the 7.80 per cent 2021 bonds, the 8.13 per cent 2022 bonds and the 8.26 per cent 2027 bond using multiple-price method.
The RBI said it keeps the right to decide on the quantum of purchase of individual securities and accept or reject any or all of the offers, either wholly or partially, if it desired.
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