MUMBAI: The Reserve Bank of India is not in talks with the government currently to conduct open market purchases of government bonds, a source familiar with the central bank's thinking said, denying a media report that the central bank might consider such steps to boost the debt market.
Earlier on Friday, financial news provider Newsrise cited a senior finance ministry official as saying that the RBI might purchase bonds through open market operations and secondary market trading to support New Delhi's borrowing programme.