RBI feels Inflation Indexed Bonds are no longer the most vital measure of price; such bonds worth Rs 6,500 cr issued since launch The Reserve Bank of India (RBI) has suggested to the finance ministry that the government buy back Inflation Indexed Bonds (IIBs) linked to the wholesale price index (WPI), reasoning that this is no longer the most important measure of prices. Such bonds worth . 6,500 crore have been issued since ` their 2013 launch. “We are studying the matter and will look at various options on how this can be done, either through the secondary market or some other mechanism,“ a government official said, confirming the central bank's suggestion. The central bank adopted the consumer price index (CPI) as the key measure of inflation last year and WPIbased securities haven't been reissued since then. Besides, wholesale inflation has been negative for the last nine months, reducing the attractiveness of the instrument. “There is a lot of pressure from some marke