07 May 2018

RBI Announced Rs10,000 Crore Bond Purchases

RBI Announced Rs10,000 Crore Bond Purchases


The Reserve Bank of India (RBI) announced that it would buy Rs. 10,000 crore ($1.50 billion) of government bonds via open market operation (OMO), after failing to sell all the debt it had offered to bidders.

The 10-year government bond yield rose to 7.75% from 7.74% before the auction result was announced. The eligible participants should submit their offers in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system.

Source- The Moneycontrol

Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • Urjit Patel- 24th Governor of RBI, Headquarters- Mumbai, Established on- 1st April 1935, in Kolkata. 



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