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India cbank to buy up to 80 bln rupees via OMO on Dec 28

Source : REUTERS
Last Updated: Mon, Dec 24, 2012 12:20 hrs

MUMBAI, Dec 24 (Reuters) - The Reserve Bank of India will buy up to 80 billion rupees ($1.46 billion) of government bonds through an open market operation (OMO) on Dec. 28, it said in a release on Monday.

The central bank will buy 8.07 percent July-2017 bonds, 8.15 percent 2022 bonds and 8.26 percent 2027 bonds under the OMO. ($1=54.96 rupees) (Reporting by Suvashree Dey Choudhury; Editing by Subhranshu Sahu)

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