Markets | RBI moves bond auction results to Monday

Markets | RBI moves bond auction results to Monday

Mumbai: The Reserve Bank of India (RBI) on Thursday announced it will now announce the results of auctions of government securities on Monday instead of Friday.

While RBI did not give any reason for the scheduling change, S. Raghavan, head of treasury at IDBI Gilts Ltd, said it was in response to demands from market participants, mainly primary dealers who, as underwriters of government bond auctions, must buy any unsold bonds.

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