Insurers save 10-year bond sale after high inflation scares traders – The Financial Express

Insurers save 10-year bond sale after high inflation scares traders – The Financial Express

The Reserve Bank sold 340 billion rupees of bonds on all maturities against 300 billion rupees expected.

The underwriters rescued the sale of a recently issued 10-year bond after a feeling of high inflation scared traders about the timing of future rate cuts in India. Sovereign bonds prolonged the losses. The primary dealers had to recover 46.4 billion rupees (619 million dollars), or more…

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