Government bonds gain after RBI announces OMO

MUMBAI (Reuters) - Government bonds gained on Tuesday with the central bank saying it will provide liquidity by buying debt via open market operations.

The 10-year benchmark bond yield was down 6 basis points at 8.71 percent. It fell to 8.68 percent in early trades.

Post-trading hours on Monday, the RBI said it would buy up to 100 billion rupees of bonds via open market operations on October 7.