Banking source says RBI open to big OMO buys, wary of giving calendar

The Reserve Bank of India is open to the idea of buying bonds in weekly tranches of up to 200 bln rupees, but is circumspect on issuing a calendar, a senior banking industr y source said. "If the market wants it, RBI can do larger 200bln-rupee open market operations ever y week," the source told Informist.