MUMBAI 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. [caption id=“attachment_2528146” align=“alignleft” width=“380”]
RBI Governor Raghuram Rajan/ PTI[/caption] 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. The cash injection should alleviate a recent liquidity deficit in the banking system. The RBI will also conduct a 28-day variable repo auction for 250 billion rupees on Friday, it said. REUTERS
RBI to buy up to Rs 100 billion government bonds via open market on 7 December
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• December 3, 2015, 04:11:46 IST
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.
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