Bonds RBI monetary policy: Bond markets salute central bank's liquidity gift Updated : April 04, 2019 08:15 PM IST Already, we have seen OMO purchases announcements of Rs 1.66 trillion so far and that has been one of the strong catalysts to pull down bond yields. Needless to say, the main hero of the bond story has been crude oil – which is down 27 percent since the last MPC meeting on October 5. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.