Bond sale devolves as RBI refuses to yield
RBI declines to pay high returns demanded by investors in the auction
Primary dealers buys bonds worth ₹17,980 crore, while only ₹16.2 crore worth of bonds were sold to others
MUMBAI : The Reserve Bank of India (RBI), which is fighting to cool bond yields, declined to pay the high returns demanded by investors in Friday’s auction, resulting in buyers staying away from the ₹18,000 crore bond sale. For the second time in two weeks, primary dealers who underwrite bond auctions, stepped in to buy then.
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