InfoAnda - India's Central Bank To Buy $10 Billion Bonds From IMF

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Home U.S. World Entertainment Sports Business Health Science Technology Politics Offbeat Environment Travel News Articles India's Central Bank To Buy $10 Billion Bonds From IMF Email Facebook Digg Twitter Buzz Up! ShareThis March 13, 2010 2:54 p.m. EST Topics: macro economics, economic policy, economy, business and finance, bonds, economy, United States Siddique Islam - AHN Correspondent Washington, DC, United States (AHN) - The central bank of India will buy bonds worth US$10 billion, issued by the International Monetary Fund (IMF), according to an announcement. The IMF and the Reserve Bank of India (RBI), the country's central bank, have signed a deal under which the RBI would purchase up to $10 billion in IMF notes. "The agreement offers India a safe investment instrument at the same time as boosting the IMF's capacity to help its members to weather the global financial crisis, and to facilitate an early recovery from the worldwide economic crisis," an IMF press statement said. The IMF can now add these resources to those already available through agreements signed with other members, which contribute toward an increase in IMF resources that was requested in April 2009 by G-20 leaders and the International Monetary and Financial Committee, according to the statement. Copyright © 2003 - 2010 AHN - All rights reserved.Redistribution, republication. syndication, rewriting or broadcast is prohibited without the prior written consent of AHN.License AHN news for your website, business, digital signage network or publication. Most Popular Stories Shadow of Mayweather Hangs Over Pacquiao-Clottey Bout Katherine Heigl Released From "Grey's Anatomy" Contract Girlicious Singer Natalie Mejia Busted On Cocaine Charge Fighter Jon Jones Brings Bag Of Tricks To UFC Live Thai Protesters Plan Rally To Push Government Into Holding Elections CW's "High Society" Least Watched Premiere In Network's History Oregon Quarterback Masoli Suspended For Season After Guilty Plea In Burglary Turkey Recalls Envoy To Sweden Designer Roberto Cavalli Hopes To Snag Cheryl Cole For New Campaign Tell-All Book Claims Angelina Jolie Had Nose Job Recent Posts Most Popular Comments Recent Comments Popular Threads Home | U.S. | World | Entertainment | Sports | Business | Health | Sci / Tech | Politics | Weird / Offbeat Follow AHN on Twitter AHN Social News connects you with friends and the news Client Login | Submit News | Privacy Policy | Terms of Use | Contact | Content Services © 2010 AHN All Rights Reserved

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