RBI’s rupee rescue mission may hurt government7 min read . Updated: 25 Jul 2013, 12:32 AM IST
Government faced with sudden rise in borrowing costs as RBI sells short-term treasury bills at double-digit yield
Mumbai/Kolkata: The central bank’s latest round of liquidity tightening measures as part of its mission to rescue the rupee may help the currency, but could end up hurting the government the most as the Reserve Bank of India (RBI) was forced to give in to market demand and sell short-term treasury bills at double-digit yields on Wednesday.
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