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India cbank to buy up to 100 bln rupees via OMO on March 22

Source : REUTERS
Last Updated: Tue, Mar 19, 2013 12:40 hrs

MUMBAI, March 19 (Reuters) - The Reserve Bank of India will buy up to 100 billion rupees ($1.84 billion) of government bonds through an open market operation (OMO) on March 22, it said in a release on Tuesday.

The central bank said it will buy 7.32 percent 2014 bonds, 7.59 percent 2016 bonds, 8.07 percent 2017-July bonds, and 8.33 percent 2026 bonds under the OMO. ($1=54.4 rupees) (Reporting by Neha Dasgupta; Editing by Bijoy Koyitty)


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