Diabytes
Bond purchase News
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European Central Bank chief Mario Draghi said Thursday the governing council "didn`t discuss" winding down its massive bond purchases, after a report that an end may be in sight spooked investors earlier this month.
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The repurchase of bonds of 2016 series worth Rs 20,000 crore will be done through reverse auction by utilising the government's surplus cash balance, it said, adding that the auction would take place between 1030-1200 hours on February 4.
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The European Central Bank could ramp up its contested bond purchase programme, extending it beyond September 2016 if needed, ECB president Mario Draghi said on Thursday.
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