RBI benchmark auction sees record devolution of Rs 18,000 crore
MUMBAI: Reserve Bank of India (RBI) could not find sovereign bond buyers for a record amount of benchmark debt at reasonable rates on Friday, signaling central bank wants yields lower .
About Rs 18,000 crore of 10-year maturity papers have been transferred, showing Mint Road’s concerns over rising bond yields.
“Today’s record devolution on benchmark 10-year government securities is a clear…
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