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This Article is From Oct 01, 2013

Government bonds gain after RBI announces open market operations

The RBI said it would buy up to 100 billion rupees of bonds via open market operations on October 7.

Government bonds gain after RBI announces open market operations

Government bonds gained on Tuesday with the central bank saying it will provide liquidity by buying debt via open market operations.

The 10-year benchmark bond yield was down 6 basis points at 8.71 percent. It fell to 8.68 percent in early trades.

Post-trading hours on Monday, the RBI said it would buy up to 100 billion rupees of bonds via open market operations on October 7.

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