Home / Finance / News / RBI to buy bonds worth Rs 20,000 crore via open market operations on Feb 10

RBI to buy bonds worth Rs 20,000 crore via open market operations on Feb 10

The central bank on Friday devolved nearly the entire bond auction on primary dealers, as the markets were demanding higher yields for five-year and 10-year bonds being sold

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Such open market operations (OMO) are now expected to be a common theme for the remainder of this fiscal year, and will continue in the next one as well, bond dealers are now expecting

Anup Roy Mumbai

4 min read Last Updated : Feb 09 2021 | 2:20 AM IST

The bond market is getting ready for another year of below 6 per cent yields on 10-year instruments after the Reserve Bank of India (RBI) gave signals about its displeasure of higher rates.

The central bank on Friday devolved nearly the entire bond auction on primary dealers, as the markets were demanding higher yields for five-year and 10-year bonds being sold.

On Monday, the central bank said it would buy bonds worth Rs 20,000 crore from the secondary markets on Wednesday.

Such open market operations (OMO) are now expected to be a common theme for the remainder of this fiscal

Topics : Reserve Bank of India open market operations bonds market Government bonds G-Secs 10-year benchmark bond Shaktikanta Das

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