RBI is buying the bonds from the backdoor anonymously, shows data

May have given primary dealers a way to square off positions, shows data

Even as the Reserve Bank of India (RBI) is cancelling its scheduled open market operations (OMOs) for secondary market bond purchases, it is buying the bonds from the backdoor anonymously, the latest data shows. 

Till September 24, the RBI bought about Rs 2 trillion of bonds from the secondary markets. Of these, about Rs 1.40 trillion was done anonymously. In September alone, when the auctions were devolving and the RBI cancelled an OMO auction, it bought Rs 43,537 crore of bonds, of which Rs 15,000 crore was bought anonymously. 

The central bank had paused on such anonymous bond purchases, but stepped up