India cenbank announces open market sale of bonds to withdraw liquidity

MUMBAI, Sept 11 (Reuters) - India's central bank on Friday announced an open market sale of bonds, one of the most potent liquidity-draining tools, hours after its chief said in a media ⁠interview that all options remained on the table.

The Reserve Bank of India will sell bonds maturing in fiscal 2029 to fiscal 2032 worth 1 trillion rupees ($10.47 billion) ⁠in its first net sale of bonds in two years, after it sold notes ⁠in the secondary market in September 2024.

The central bank had conducted ⁠simultaneous purchase and sale of bonds in ⁠fiscal 2021 and 2022.

($1 = 95.5500 Indian rupees)

Reporting by Dharamraj Dhutia; Editing by Nivedita Bhattacharjee

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