RBI to conduct more bond purchases if needed

The Reserve Bank of India (RBI) will buy more bonds via open market operations if needed, Deputy Governor H.R. Khan said on Friday. He was replying to a question from reporters at the conclusion of the RBI's board meeting about whether more OMOs or open market operations would be carried out by the central bank due to tight liquidity from the festival season. The RBI is set to buy up to Rs 10,000 crore of bonds via open marke...