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India cbank to buy 120 bln rupees of bonds in open market

Source : REUTERS
Last Updated: Fri, Nov 30, 2012 19:00 hrs

MUMBAI, Nov 29 (Reuters) - India's central bank will buy 120 billion rupees ($2.2 billion) of federal government bonds on Dec. 4 through open market operations (OMO), it said in a release on Thursday.

The Reserve Bank of India will buy 8.24 percent 2018 bonds, 8.19 percent 2020 bonds, 8.15 percent 2022 bonds and 8.28 percent 2027 bonds. ($1=54.8 rupees) (Reporting by Shamik Paul; Editing by Anupama Dwivedi)

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