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India to buy back 400 billion rupees worth of bonds, cenbank says

India will buy back 400 billion rupees ($4.80 billion) worth of securities, the country's central bank said on Friday. The securities offered for buyback are 6.18% GS 2024, 9.15% GS 2024 and 6.89% GS 2025, the Reserve Bank of India said in a statement. "The choice of securities suggests this buyback is a liquidity redistribution exercise by the government as they have clear visibility on their shorter-term funds," said Vivek Kumar, economist at QuantEco Research.
Hritam Mukherjee Alok Singh Vivek Kumar Shinjini Ganguli Quanteco Research Reserve Bank
Source: yahoo.com

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Business News: India's retail inflation likely marched higher in November

India's retail inflation likely marched higher in November : Rashtra News India's retail inflation likely accelerated last month towards the upper limit of the central bank's target range as fruit and vegetable prices climbed, a Reuters poll found. The Reserve Bank of India left interest rates on hold on Wednesday, as predicted by another Reuters
Yuvika Singhal Madhavi Arora Quanteco Research Emkay Global Financial Services Reserve Bank Emkay Global Financial

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