Govt cancels auction of all securities scheduled for 11 Feb as yields spike

The government said it had decided to cancel the auction post review of cash position

government securities
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Reuters New Delhi
1 min read Last Updated : Feb 07 2022 | 9:02 PM IST
India cancelled auctions of government securities to be held on Feb. 11, a government statement said on Monday, following a sharp rise in bond yields after the announcement of record borrowing program.

The government said it had decided to cancel the auction post review of cash position.

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Topics :Government securitiesBond Yields

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