Mumbai: The Reserve Bank of India (RBI) on Tuesday said it would buy up to Rs 15,000 crore worth of six government bonds through open market operations on Thursday. On Tuesday, RBI increased its scheduled bond purchase via open market operations to Rs 50,000 crore in December as against the previously planned amount of Rs 40,000 crore, the central bank notified in a release. Accordingly, RBI will now buy bonds worth Rs 15,000 crore in each of the last two weeks of December instead of Rs 10,000 crore each.
Further the central bank said that it would also conduct open market purchases of another Rs 50,000 crore in January via five auctions of Rs 10,000 crore each. The securities that the central bank has offered to purchase on Thursday are 8.12%, 2020 bond, 8.35%, 2022 bond, 7.72%, 2025 bond, 6.97%, 2026 bond, 7.59%, 2029 bond and 7.73%, 2034 bond.
