Indian bonds climb as RBI resumes operations to cool yields – Reuters

Indian bonds climb as RBI resumes operations to cool yields – Reuters

India’s central bank will resume its Federal Reserve-style Twist operation after weak demand in two back-to-back auctions and inflation concerns pushed yields higher. Sovereign bonds soared.

The Reserve Bank of India will purchase ₹10,000 crore of bonds and sell an equivalent amount of shorter debt on August 27 and September 3 respectively, he said in a statement. The last such operation…

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