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.
Source : Money Control
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