RBI auction devolved partly amid rising yields
2021-12-24
The Reserve Bank of India’s weekly auction partly devolved Friday as bidders reportedly demanded higher yields with rising benchmark yields. The central bank did not accept bids for three sets of sovereign papers maturing in 2023, 2026 and 2035. RBI rejected bids 30 percent worth of the total sum at Rs 24,000 crore it aimed…Continue Reading