RBI to buy bonds worth Rs 20,000 cr through OMOs on February 10

The Reserve Bank of India (RBI) said on Monday it plans to buy bonds worth Rs 20,000 crore through open market operations (OMOs) to support the government's borrowing programme. "On a review of current liquidity and financial conditions, the RBI has decided to conduct purchase of government securities under OMO for an aggregate amount of Rs 20,000 crore on Februar y 10," the RBI said in a statement.