RBI says to buy back up to Rs 12k-cr bonds Friday

The Reserve Bank of India on Tuesday said it will buy up to Rs 12000 crore of government bonds via open market operations on Friday, including the 10-year paper which till recently was the benchmark paper.

January 04, 2012 / 09:38 IST

The Reserve Bank of India on Tuesday said it will buy up to Rs 12,000 crore of government bonds via open market operations on Friday, including the 10-year paper which till recently was the benchmark paper.

The central bank said it will buy 8.07% 2017 bonds, the 7.80% 2021 bonds, the 8.13% 2022 bonds and the 8.26% 2027 bond using multiple-price method.

The RBI said it keeps the right to decide on the quantum of purchase of individual securities and accept or reject any or all of the offers, either wholly or partially, if it desired.

first published: Jan 3, 2012 06:52 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347