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India RBI to buy up to 120 bln rupees of debt on Friday
MUMBAI, May 7 (Reuters) - India's central bank will buy up to 120 billion rupees ($2.27 billion) of government bonds on Friday through an open market operation (OMO) following the persistent tightness in cash conditions. The RBI will buy the 8.19 percent 2020 bonds, 9.15 percent 2024 bond, 8.97 percent 2030 bond and 8.28 percent 2032 bonds in the OMO, it said on Monday. The central bank will hold