 "RBI buys $2bn of govt bonds via OMO")
The Reserve Bank of India bought Rs 11194 crore ($2.02 billion) of government bonds through open market operation ( OMO) on Friday, lower than the notified Rs12000 crore.
The RBI bought the 9.15 percent bonds maturing in 2024 at Rs 104.73 , yielding 8.5255 percent, in line with a Reuters poll forecast of 8.5230 per ent.
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For the 8.19 per cent bonds maturing in 2020, the central bank set the cut-off at 98.84 rupees for a yield of 8.3959 per cent, lower than the poll forecast of 8.4122 per cent.
It set a cut-off of 96 rupees yielding 8.7384 per cent on the 8.26 per cent bonds maturing in 2027, higher than a poll forecast of 8.7198 per cent.
The central bank bought the 8.97 percent bonds maturing in 2030 at Rs 101.95, yielding 8.7550 percent, in line with the forecast of 8.7539 per cent in the poll.
Reuters
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